Publication
What M&A trends will transform the 2024 insurance landscape?
It is widely accepted that 2023 was one of the worst years in recent memory for M&A activity.
Global | Publication | October 2018
On 24 October 2018, following public consultation, the New South Wales government introduced the Building and Construction Industry Security of Payment Amendment Bill 2018 (NSW) (Bill) which contains proposed amendments to the Building and Construction Industry Security of Payment Act 1999 (NSW) (Act). If passed, the Bill will likely have widespread implications across the building and construction sector. The Bill contains several reforms intended to further improve cash flow and transparency, as well as provide greater protections to subcontractors, suppliers, and workers in the industry.
The proposed reforms are reflective of, and incorporate, a number of the recommendations made by Mr John Murray AM in his report entitled ‘Review of Security of Payment Laws – Building Trust and Harmony’ dated December 2017 (a copy of which can be found here).
A summary of the key proposed amendments is below.
Application of the Act
Changes to payment claims
Changes to adjudication applications
New investigatory and enforcement powers conferred on authorised officers
Code of practice for authorised nominating authorities
More stringent penalties for offences committed under the Act
If you have any queries in respect of the Bill or the operation of the Act generally please do not hesitate to contact us.
Façade Treatment Engineering Pty Ltd (In Liq) v Brookfield Multiplex Constructions Pty Ltd [2016] VSCA 247.
Second Reading Speech – 24 October 2018.
Publication
It is widely accepted that 2023 was one of the worst years in recent memory for M&A activity.
Publication
The ongoing conflicts and further geopolitical tensions in Eastern Europe and the Middle East, coupled with upcoming elections in a number of key countries including the US and the UK, make 2024 challenging to predict what impact this will have on the insurance sector.
Publication
On 6 September 2022, the European Commission (EC) prohibited Illumina’s acquisition of Grail, bringing to an end the administrative stage of a legal saga that has attracted interest beyond competition law specialists.
Subscribe and stay up to date with the latest legal news, information and events . . .
© Norton Rose Fulbright LLP 2023