Publication
“AI and sustainability - cure or curse?”
While AI can help resolve data issues in sustainable investing, it can create problems such as information breaches and inherent bias in data.
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
While AI can help resolve data issues in sustainable investing, it can create problems such as information breaches and inherent bias in data.
Publication
In this edition of Regulation Around the World we review recent steps that financial services regulatory authorities have taken as regards investment research.
Publication
n a long-running dispute, taking in no less than three arbitrations spanning 26 years cumulatively (involving allegations of state interference in the arbitral process), the Court has provided useful guidance on the ss.67 and 68 challenges, particularly in the context of investor-state claims.
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