Publication
Regulation Around the World: Open Finance
In this issue of Regulation Around the World we look at how regulators are developing their proposals for Open Finance.
Global | Publication | February 2023
Resilient dealmakers have emerged from the challenges of the last two years ready to take advantage of a public M&A market ripe with opportunity in the second half of 2023.
Market participants have shown remarkable optimism in the face of the most significant changes to underlying economic conditions in 2021 and 2022 since the global financial crisis.
If inflation is tamed in Australia without significant economic contraction, we expect more buoyant market conditions in the second half of the year to be accompanied by higher public M&A deal volumes. The opposite is at risk if high inflation and interest rates persist for longer than expected.
Some of our key predictions for how 2023 might unfold are outlined below.
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For reasons that dealmakers in the market are intimately familiar with, 2022 saw a noticeable decrease in the number of public M&A deals announced in Australia compared with the frenzy of 2021.
While large public M&A contracted, average deal value remained steady at just over AU$1 billion which was surprisingly strong given the year’s volatility.
Another stand out during 2022 were fewer instances of failed deals (4%, compared to 8% and 10% in the previous two years), while the percentage of actively withdrawn deals increased to 17% (from 10% and 13% in the previous 2 years). These figures support the trend amongst bidders for greater certainty in the outcome of their transactions.
Click here to read more detailed summary of 2022 deal trends.
Inbound investment
Publication
In this issue of Regulation Around the World we look at how regulators are developing their proposals for Open Finance.
Publication
On 3 July 2025 the UK Takeover Panel (Panel) published PCP 2025/1: Dual class share structures, IPOs and share buybacks (Consultation) setting out a proposed framework for the application of the UK Takeover Code (Code) to companies with dual class share structures (DCSS companies).
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Most incidents handled by our Norton Rose Fulbright cyber team originate from the customer’s service provider. In many cases it is the service provider’s systems, infrastructure and environment which proves to be the most vulnerable to cyber breaches and security issues.
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