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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.
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Australia | Publication | June 2020
On 11 June 2020, the Design and Building Practitioners Act 2020 (NSW) (Act) received Royal Assent. The Act is part of the NSW Government’s response to the Building Confidence report authored by Professor Peter Shergold AC and Ms Bronwyn Weir.
The Act delivers on the NSW Government’s commitment to better regulate the design and building sector and provide greater protections to consumers against defective building works, an issue which has received heightened political attention in the wake of recent incidents of defects discovered in apartment buildings across New South Wales.
Many of the reforms in the Act will commence on 1 July 2021 or on a date to be proclaimed, but the key statutory duty of care reform commenced on and from 11 June 2020.1
The Act introduces a number of important reforms to achieve these ends, some of which are set out below:
There are several aspects of the reforms which appear to be dependent on supporting regulations which will be introduced later this year. We will be providing a more comprehensive summary of the reforms after the supporting regulations are introduced.
Norton Rose Fulbright’s national construction and engineering team is one of the leading practices in the market. Asia Pacific’s preeminent companies choose our team for its transactional experts, project delivery service and highly specialist disputes practice and outstanding track record. Unlike many project teams, our experienced team provide an end-to-end service across the lifespan of construction and infrastructure projects, advising from front-end procurement strategy and contract negotiation and preparation, through to project delivery, claims and disputes. With deep experience advising on large-scale infrastructure, property, energy and resources projects, we offer clients a legal team with unrivalled strength as well as access to specialists in other areas including planning, environment, real estate and insurance. Should you require assistance on your projects, please feel free to reach out to a member of our team below.
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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.
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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.
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