King & Wood Mallesons

Horizon scanning the digital economy and climate change? KWM has curated a blockbuster program for this year’s Digital Future Summit, where key regulators and leading experts will tackle the latest issues across the digital economy, including regulatory developments, AI, cybersecurity and a tech-enabled energy transition. Explore the full program and register now:  https://lnkd.in/gdSC-pBD

At KWM, we care about our community and value every opportunity to give back. We are proud of our Hong Kong June clerks who volunteered with Food Angel and our July clerks who joined Helping Hand on a visit to Chuk Yuen Housing for the Elderly. A Day with Food Angel Our team of dedicated June clerks and trainees came together with passion and enthusiasm during our recent pro bono event at Food Angel! Together, we prepared over 1700 meal boxes within 3 hours for those in need. It was inspiring to witness the power of teamwork and the commitment to giving back to the community. Food Angel provides nourishment and support to countless individuals who are facing food insecurity. Thank you to Food Angel for providing us with this wonderful opportunity to give back. We are grateful for their dedication to fighting hunger and their tireless efforts in making a positive difference in our community. If you'd like to learn more about Food Angel and how you can support their mission, please visit their website at https://lnkd.in/enafggt Visit to Chuk Yuen Housing for the Elderly Our July clerks and trainees had a wonderful experience during our recent visit to Chuk Yuen Housing with around 50 elderly residents, creating memorable moments. We organised a variety of engaging games that brought smiles to all our faces. Our volunteers distributed gifts and fruits, showing our respect and appreciation. We want to express our heartfelt gratitude to the members of Chuk Yuen Housing for their genuine care for the elderly. Thank you for the opportunity for our team to create beautiful memories with the residents and an inclusive environment where everyone feels valued and cherished! If you'd like to learn more about Helping Hand and how you can support their mission, please visit their website at https://lnkd.in/gn7s9M9h

In KWM’s latest ESG Quarterly Compass – our update that helps companies navigate rapid change across markets - we share developments in sustainability reporting, Australia’s energy transition and the carbon markets space. You can read more here: https://ow.ly/YZtG50SCTzy #KWMClimate #SustainabilityDisclosures #CarbonMarkets

Dealing with interlopers can be challenging for listed company boards. But done right, shareholders can benefit from real market competition. In our latest M&A in the City we share the top 5 rules for interloper engagement. https://ow.ly/6xH150SB6bP

The Australian Government has confirmed its commitment to introduce a new direct right of action under the Privacy Act, and a statutory tort for serious invasions of privacy. Our first insight in our two part series explores the proposed statutory tort for serious invasions of privacy. Learn more about the proposed changes and what they could mean for businesses here. https://ow.ly/vlS850SB5GS

Day 1 of the new Financial Year saw a revised set of procurement rules adopted for Commonwealth Government Contracts. These new rules contain changes that covered entities must comply with. Read our 1 minute explainer article to get up to speed on what you should know. https://ow.ly/zSjG50SzkLB

We were pleased to contribute and be featured in Banking Today Journal of The Hong Kong Institute of Bankers “Revisions to Cross-Boundary Wealth Management Scheme Offer Potential Benefits”. Our Banking & Finance partners Richard Mazzochi, Minny Siu 萧乃瑩, Leimin Yu and counsel Agnes Chan examined the amendments made to the implementation guidelines of the cross-boundary Wealth Management Connect Scheme and explored the opportunities brought about by the revised guidelines, which came into effect on 26 February 2024. #GBA #Banking #WealthConnect

The Hong Kong International Arbitration Centre (HKIAC) new 2024 Administered Arbitration Rules (2024 Rules) came into force on 1 June 2024. The 2024 Rules aim to enhance efficiency, flexibility and innovation in HKIAC arbitration. The amendments largely build on, rather than alter, the previous 2018 Rules. In this article, Paul Starr, Felicity W.Y. Ng, Sian Knight and Olivia Jones set out the most significant amendments, with practical insights on what the 2024 Rules will mean for practitioners and arbitration users. https://ow.ly/j19550SwF1c

Since the decision in Edward Owen Engineering Ltd. v Barclays Bank International Ltd. and Another was handed down in 1978, practitioners and those in the construction industry have appreciated that an on-demand bond was payable immediately upon the presentation of a valid demand to the bondsman unless there was clear evidence of fraud. Read on as Paul Starr, Godfrey Yuen and Arthur Lui from our Hong Kong construction team summarise key takeaways from the two recent cases in Hong Kong, namely WKCDA v AIG and W v Contractor, and how these cases could signal a change in the Courts’ attitude, introducing additional hurdles and/or challenges to those hoping to obtain swift payment under on-demand bonds. Further details are provided. https://ow.ly/cEsF50SvI0q

KWM has advised AEMO Services on Tender round 4 of renewable generation infrastructure critical for NSW’s energy security. The successful projects will assist delivery of the state’s minimum investment objectives of 12GW of renewable energy generation by 2030 and Australia’s transition to renewable energy. Read more here. https://ow.ly/V2aC50StpTn