Australia: Is your refund policy immune from COVID-19?
The COVID-19 global health emergency has significantly impacted the ability of Australian businesses to supply services to consumers.
M&A activity in the energy sector will be driven in part by the transition to lower carbon energy sources as investors seek to future-proof their businesses or satisfy environmental, social and governance requirements. Growing activity is expected in the renewable heating and transport fuel sectors, as these sectors become the focus of policy interventions.
Norton Rose Fulbright advised ABN Amro, BP, Gunvor, ING, Koch Supply & Trading, Mercuria, Shell, Société Générale and Equinor in a corporate joint venture for the purpose of developing a commodities trading platform using distributed ledger technology. By managing physical energy transactions on a distributed ledger, the joint venture (now known at Vakt) aims to create a secure, trusted ecosystem for counterparty interaction, with anticipated gains in cybersecurity, operational efficiency and trade finance.
On November 17, 2019, the DIFC Court handed down a landmark decision in YYY Limited v ZZZ Limited [DIFC] 2017 ARB 005 (DIFC Court Judgment).
The recent decision of the Western Australian Court of Appeal in Hancock Prospecting Pty Ltd v DFD Rhodes Pty Ltd highlights the complex issues that arise where court proceedings commenced by “strangers” to an arbitration agreement involve disputes covered by the arbitration agreement.