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Blue Bonds: Making a splash in the Capital Markets
In 2018, the Republic of Seychelles launched the first-ever “blue bond”, with the support of the World Bank Group and the Global Environment Facility.
Global | Publication | April 2017
On 18 April 2017 Prime Minister Malcolm Turnbull announced that the 457 visa will be abolished and replaced with a new Temporary Skill Shortage (TSS) visa to better address genuine skill shortages and protect the Australian local labour force. The implementation of these reforms will begin immediately and will be completed in March 2018.
Minister for Immigration and Border Protection, Peter Dutton stated the ‘457 visa arrangements will be "grandfathered".
As part of the Government’s significant reform package to strengthen the integrity and quality of Australia’s temporary and permanent employer sponsored skilled migration programmes, the TSS visa will be comprised of a Short-Term stream of up to two years and a Medium-Term stream of up to four years.
Proposed fees are $1,150 for the short-term visa and $2,400 for the medium-term visa (which is an increase on the current 457 visa fees).
Key reforms, as confirmed by the Department of Immigration and Border Protection (DIBP) include:
Introducing the TSS visa with added requirements, including but not limited to:
Tightening eligibility requirements for employer sponsored permanent skilled visas, including but not limited to:
Concessions for regional Australia will continue to be available:
From 19 April 2017, the list of occupations will be significantly condensed for skilled migration visas, including the subclass 457 visa.
For a summary of the additional changes and implications for employers click here.
Publication
In 2018, the Republic of Seychelles launched the first-ever “blue bond”, with the support of the World Bank Group and the Global Environment Facility.
Publication
We are delighted to be participating in Marine Money Week New York 2025. As one of the landmark events for the global shipping finance community, and with the global shipping and maritime industry at such a pivotal juncture, we look forward to catching up with clients and contacts to continue discussions around navigating the current challenges and opportunities.
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On 8 May 2025, the Court of Justice of the European Union (the CJEU) delivered its ruling in case C-581/23 (the Ruling), providing guidance on one of the conditions for an exclusive distribution agreement to benefit from the block exemption under Article 4(b)(i) of the 2010 Vertical Block Exemption Regulation (the VBER)1, notably the so-called ‘parallel imposition requirement’.
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