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By Michael Swinson and James Patto. King & Wood Mallesons’ Melbourne office.

捕获Earlier this year, after several frustrated efforts, Australia finally passed new mandatory data breach notification laws in the form of the Privacy Amendment (Notifiable Data Breaches) Act 2017 (Cth) (which will come into effect on or before 22 February 2018).

While much has already been written about the Act, there is still a degree of uncertainty as to how the new regime may play out in practice. In this article, we aim to guide readers through the practical application of the laws by reference to a number of hypothetical fact scenarios and, in the course of doing so, provide some practical compliance tips.
Continue Reading Confessing your data breach sins

作者：金杜律师事务所

5月14日、15日，“一带一路”国际合作高峰论坛在北京举办。全球目光再次聚焦中国、聚焦北京。

“一带一路”沿线国家和地区大部分是处于转型中的发展中国家，是发生合规问题的高危区。

中国企业既要抓住机遇做大做强，又要迎接挑战防控风险、依法合规运营。Continue Reading “一带一路”部分沿线国家反腐败法律概述

By Stephan Cerni and Andy Wu  King& Wood Mallesons

The world’s population is projected to reach 8.5 billion by 2030 and, according to the OECD, China and India will represent roughly two thirds of the global middle class population. This exponential rate of growth is staggering when compared against the rest of the world (as illustrated in Figure 1 below).

The rising middle class growth in Asia will bring about new and increasing demands for products and funds for investment. With its close geographical proximity and reputation for high-quality good and services, Northern Australia is well positioned to meet these demands but it must act fast to leverage this advantage.Continue Reading Opportunities for NAIF in Asia’s emerging middle-class

作者：金杜律师事务所

《国际比较法律指南：2017年资产证券化法律》——澳大利亚、香港和中国

凭借对债务资本市场和当地情况的深入了解，以及多年来在澳大利亚和亚洲标志性资产证券化交易中提供服务的经验，我们撰写了《国际比较法律指南：2017年资产证券化法律》中的三章。
《国际比较法律指南：2017年资产证券化法律》以跨境视角切实探讨资产证券化法律法规中的常见问题，包括应收账款合同、应收账款购买协议、资产出售、证券发行、破产法律、特殊规则、监管事项和税收。我们很荣幸为本年度的指南撰稿，这也进一步显示出我们在资产证券化业务方面的实力以及我们对这一领域的深刻认识。
Continue Reading 金杜参与撰写2017《国际比较法律指南》

By Max Bonnell and Ruimin Gao  King & Wood Mallesons’ Sydney office

bonnell_mThe Australian Government recently announced that it would not proceed with the ratification of the Treaty on Extradition between Australia and The People’s Republic of China (Australia-China Extradition Treaty) at the present time.

We take a closer look below at Australia’s extradition law and the key provisions in the Australia-China Extradition Treaty, which is now approaching its ten-year anniversary since it was first signed under the Howard Government.
Continue Reading Close, but no cigar: the Australia-China Extradition Treaty

By Richard Mazzochi and Minny Siu King & Wood Mallesons’ Hong Kong office.

mazzochi_rsiu_mWhat does the FSDC report recommend?

The Financial Services Development Council (“FSDC”) has just released its review of Hong Kong’s listed structured products market. The FSDC published its report on 18 April 2017. The report sets out the FSDC’s key findings following its comprehensive review of the listed structured products market, particularly in comparison to European markets.

King & Wood Mallesons, represented by Richard Mazzochi and Minny Siu, partners of KWM’s banking and finance department in Hong Kong, advised the FSDC working group on its report. “We are honoured to be invited by the FSDC to work alongside other industry members on this timely initiative by the FSDC. Hong Kong is a leading global structured products market. This review and its recommendations will assist Hong Kong maintain its position as a leading global structured products market and wealth management and investment centre in Asia.” said Richard Mazzochi and Minny Siu.
Continue Reading KWM assists the FSDC on its recent report on “Optimising Hong Kong’s Listed Structured Products Market”

作者：马绍基   萧乃莹  金杜律师事务所香港办公室

mazzochi_rsiu_m金发局报告的建议为何？

香港金融发展局（「金发局」）刚发布对香港上市结构性产品市场的检讨。金发局于2017年4月18日刊发其报告。报告载列金发局在对上市结构性产品市场进行全面检讨后的主要检讨结果，特别是与欧洲市场对比的结果。

金杜律师事务所的香港银行及金融部合伙人马绍基（Richard Mazzochi）及萧乃莹（Minny Siu）代表金杜律师事务所就金发局工作组报告向金发局提出意见。马律师及萧律师表示： “我们很荣幸获金发局邀请，与其他行业成员一起合作对权证市场提出适时的倡议。香港是全球领先结构性产品市场。这项检讨工作及其建议将协助香港维持其在亚洲领先的全球结构性产品市场、财富管理及投资中心的地位。”
Continue Reading 金杜协助金发局编制报告：优化香港上市结构性产品市场

By Martyn Huckerby and Intan Eow  King & Wood Mallesons

huckerby_martynOver the last 12 months a number of Australian corporates have suffered unexpected business disruption in China. For some affected entities, this has caused serious crisis at home, including the risk of class action alleging failure to adequately disclose risk and changing circumstances to the investment community. These developments have highlighted the importance of directors of Australian corporates with extensive business in China in understanding emerging regulatory and political issues in China and monitoring risks.
Continue Reading Reading the Tea Leaves – Managing Regulatory Risks in China

作者：贺墨亭（Martyn Huckerby） 杨映丹（Intan Eow）金杜律师事务所

huckerby_martyn过去一年，许多澳大利亚公司在中国遭遇始料未及的业务冲击。一些公司还因此在澳大利亚陷入严重危机，包括可能面临集体诉讼，被指控未向投资人充分披露风险和情势变化。从这些情况可以看出，对于在中国广泛开展业务的澳大利亚公司而言，董事能否了解中国的最新监管和政治问题并监控风险至关重要。

主要监管和政治风险

即便进行了预测，某家知名澳大利亚公司的前首席执行官可能也无法避免库存和市场份额下降的经营问题。但公司在中国经营，就需要以科学的方式为未来做好准备。至少有一件事情可以确定，过去一年的波动在2017年还将继续：
Continue Reading 预测未来：应对中国的监管风险

By Richard Mazzochi and Minny Siu  King & Wood Mallesons’ Hong Kong office.

mazzochi_rsiu_mInternational Swaps and Derivatives Association, Inc. (“ISDA”) recently published the updated Legal memorandum on enforceability of close-out netting of privately negotiated derivatives transactions under ISDA Master Agreements in the PRC (“2017 Netting Memo”) and the new Memorandum of law on enforceability under PRC law of close-out netting of privately negotiated derivatives transactions under the ISDA Master Agreements against a PRC State Counterparty (“Sovereign Netting Memo”), both issued by King & Wood Mallesons (“KWM”). This article summarises the key points[1].

In response to
Continue Reading ISDA publishes updated memoranda on China close-out netting