The Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Act 2019 passed Parliament last week and received royal assent shortly after.
In this monthly series, Nick and Louisa identify key issues for discussion when agreeing the terms of a hotel management agreement. They identify the positions adopted by owners, operators and lenders and further issues for consideration during the negotiation process.
Our global hotels and leisure practice is highly experienced in all areas of the hotels and leisure industry. We advise hotel owners, developers, private financiers, banks and many of the world’s top hotel and leisure operators on all aspects of their operations. With wide-ranging experience of all sides of a transaction, we are able to quickly and efficiently cut through the noncritical information and focus on what really matters to our clients. Our team has unrivalled insight into the complex legal requirements of the hotel industry and has enabled us to build an invaluable understanding of the commercial and practical aspects of our clients’ businesses.
The Court of Justice of the European Union (CJEU) has delivered its decision in A Ltd, a case concerning the location of insured risk, and therefore which jurisdiction can charge IPT, on cross-border M&A insurance policies.
The recent NSW Supreme Court decision in DIF III – Global Co-Investment Fund LP v Babcock & Brown International Pty Limited ruled that section 54 the Insurance Contracts Act 1984 (Cth) (ICA) did not cure a lack of notification of circumstances if those circumstances were not known during the policy period.