Publication
Navigating the IPO
Taking your company public is an important milestone, and whilst the landscape for IPOs is complex and dynamic, choosing the right path is essential.
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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.
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The date of Royal Assent is not the commencement date for those provisions listed in sections 2(2) and (3) of the Act.
Within the meaning of the Building Products (Safety) Act 2017 (NSW).
The Act provides that “specialist work” may only be carried out by registered specialist practitioners. “Specialist work” means the design, construction, installation, maintenance of, or other work involving, a “building element” (defined to include fire safety systems, waterproofing, load-bearing elements of a building, parts of the building enclosure, and some mechanical, plumbing and electrical services).
Publication
Taking your company public is an important milestone, and whilst the landscape for IPOs is complex and dynamic, choosing the right path is essential.
Publication
Two recent judgments – decided just days apart – from different judges of the Northern District of California District Court determined that using copyrighted books to train large language models (LLMs) was fair use.
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