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Australia: Duties and Liabilities of Directors of Australian Companies

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Baker McKenzie's Duties and Liabilities of Directors of Australian Companies is a comprehensive and timely guide for directors of Australian companies. Newly launched in September 2020,...

Singapore Tightens Strategic Goods Controls

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Singapore updated its strategic goods control regime on 3 August 2020 to ensure robust administration of controls and effective risk assessments, while ensuring the facilitation of legitimate trade. Key amendments include ensuring individual and bulk permit holders have access to English translations for strategic trade records kept in other languages. For bulk permit holders, expanded document categories under recordkeeping requirements and monthly reporting will apply. A new offence has also been created for failing to amend permits in the event that information submitted under initial permit application processes subsequently change.

Australia: COVID-19 – Lessons from a pandemic

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There is no denying we were all caught off-guard by the speed and force with which COVID-19 struck every aspect of Australian life. As some parts of the country slowly begin to emerge from COVID-19 restrictions (albeit uncertainly), our attention inevitably turns to the question: "what can we learn for next time?"Many sentimental answers are sure to be proffered by feel-good television specials over the coming months. While we won't claim to be experts in "feel-good", here in the employment team at Baker McKenzie, what we have become well-versed in is the range of practical challenges that COVID-19 has posed to our clients as they have attempted to manage their workforce through this time of change.With that in mind, we have set out below our tips to help ensure your organisation is best prepared for whatever the next COVID-19 may be.

Australia: How the ATO wins by losing – Considerations from Greig v Commissioner of...

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On the 8th of July, the Australian Taxation Office (ATO) released its Decision Impact Statement (DIS) on the Full Federal Court decision of Greig v Commissioner of Taxation [2020] FCAFC 25.This client alert provides an overview of the Greig decision and considers the impact of the decision on significant individual shareholders.

Australia: COVID-19 – Reopening the playbook – The next normal in Australian Immigration

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Exploring the current mobility landscape and anticipated challenges Australian employers will face with employee travel and immigration processes.

International: COVID-19 Global guide on public contracting

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In light of the global pandemic, governments across the globe are faced with urgent needs whose immediate coverage is a matter of life and death. Hence, these unusual and uncertain times call for rare and exceptional measures, and without much ado, governments around the globe have provided them. Common to all approaches is the will to enable public contractors to procure the urgently needed supplies to save lives and contain the pandemic without major bureaucratic hurdles.

Australia: New Sandbox Regulations Remove Client Number Limits and Broaden Scope of Products

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New regulations to expand the regulatory sandbox for Fintechs have received royal assent and are set to commence 1 September 2020.The Regulations introduce a...

Australia: Big Shake-up Planned for Australia’s Carbon Market

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The Commonwealth Government has accepted a number of recommendations from the King Review of Australia's Emissions Reduction Fund (ERF) that would incentivise abatement opportunities...

Australia: COVID-19 – Recent continuous disclosure changes – What do they really do

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The recent changes to continuous disclosure  obligations under the Corporations Act  have been welcomed by listed companies and their boards but don’t go as far as their stated purpose in the press release accompanying the legislative instrument implementing the changes, so companies will still need to be very careful in providing guidance or making other disclosures to the market.

Australia: Overview of the Australian Insolvent Trading Prohibition and the Safe Harbour Protections

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Directors of Australian companies face significant personal monetary -- and potential criminal and adverse professional -- consequences if they allow the company to trade...
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