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Arbitration trends in the Middle East: What to expect in 2024 and beyond
The last several years have seen rapid growth in the Middle East.
On 10 February 2022, the Senate passed the long-awaited Corporate Collective Investment Vehicle (CCIV) legislation with bi-partisan support. As a result, the new funds framework is now expected to commence from 1 July 2022. This marks a significant milestone in the development of Australia’s funds management industry, broadening out the range of investment structures. The CCIV offers a corporate funds structure which is more familiar to overseas investors and combines flow-through tax treatment.
With the imminent launch of CCIVs, and consistent with what we have witnessed from other jurisdictions implementing similar fund regimes, we expect that superannuation/pension funds, global investment managers, investors and a range of other financial and fundraising institutions will be assessing how they may take advantage of the opportunities presented by the introduction of CCIVs in Australia.
For a more detailed summary, see our previous CCIV update here.
A copy of the legislation is available from the Australian Federal Parliament's Website.
Publication
The last several years have seen rapid growth in the Middle East.
Publication
On May 14, 2024, Lena Haffner, Innovation Lead Germany at Norton Rose Fulbright, shared her insights on “How do you make a law firm AI ready?" at Legal Revolution 2024, one of Europe’s leading conferences in legal innovation and technology. Her lecture focused on developing a comprehensive roadmap for integrating AI into law firms, emphasizing the importance of developing a robust AI strategy and fostering an innovation-ready culture. Key topics covered in the lecture included strategic planning, skills development, multidisciplinary teamwork, and strong AI governance.
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