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UK Supreme Court backflips on the effectiveness of anti-oral variation clauses: Rock Advertising Limited v MWB Business Exchange Centres Limited 2018 UKSC 24
  • Gilbert + Tobin
  • Australia, United Kingdom
  • June 7 2018

The UK Supreme Court has recently followed the US approach to find that anti-oral variation clauses mandate the process for varying a contract. In so


A Modern Slavery Act for Australia: Updates from the May 2018 announcement
  • Gilbert + Tobin
  • Australia
  • June 7 2018

On 10 May 2018, the Federal Government announced that it will introduce a Modern Slavery Act (Act) in Australia by mid-2018. The proposed Act will


Victorian and New South Wales Supreme Courts differ on effect of contractual time limits on misleading or deceptive conduct claims: Brighton Australia Pty Ltd v Multiplex Constructions Pty Ltd 2018 VSC 246
  • Gilbert + Tobin
  • Australia
  • June 7 2018

A recent Victorian Supreme Court has held that liability for misleading or deceptive conduct under the ACL cannot be defeated by contractual


What valuation methodology should be adopted when an expert determination clause is silent on the issue?: TX Australia Pty Ltd v Network Ten Pty Ltd; Network Ten Pty Ltd v TX Australia Pty Ltd 2018 NSWSC 559:
  • Gilbert + Tobin
  • Australia
  • June 7 2018

This case illustrates that where an expert determination clause does not specify a valuation methodology to be adopted, it will be up to the expert to


Government introduces new rules to facilitate investment and competition in financial services
  • Gilbert + Tobin
  • Australia
  • June 4 2018

The Government has recently released draft legislation aimed at supporting investment and new entrants into the financial services market. The Draft


ASIC consults on foreign financial service provider licensing regime
  • Gilbert + Tobin
  • Australia
  • June 1 2018

ASIC has opened consultation on a modified licensing regime for foreign financial service providers (FFSPs) carrying on a financial services business


ASIC introduces tiered market licensing regime
  • Gilbert + Tobin
  • Australia
  • May 31 2018

ASIC has introduced a two-tiered licensing regime for financial markets in its updated regulatory guidance, Regulatory Guide 172 Financial markets:


APRA establishes new Restricted ADI licensing framework
  • Gilbert + Tobin
  • Australia
  • May 31 2018

Following consultation last year (discussed here), APRA has released an information paper establishing a new restricted ADI (RADI) licensing framework


International developments in cryptocurrencies - May 2018
  • Gilbert + Tobin
  • USA, Norway, Australia, Singapore
  • May 31 2018

There have been many developments around the world in relation to digital currencies, as outlined below. While not discussed in this update, ASIC has


ACCC releases annual Targeting Scams report
  • Gilbert + Tobin
  • Australia
  • May 31 2018

The ACCC has released its ninth annual Targeting Scams report, which explains key trends in scam activity and highlights the impact of scams on the