By Andrew Morrison King & Wood Mallesons
As we wrote in April, the European Commission (the Commission) has been conducting an in-depth review of the European e-commerce sector with a particular focus on the impact of geo-blocking practices. The Commission initiative aims to ensure non-discrimination against customers in the single market on the basis
作者：Scott Farrell、Claire Warren、Roslyn Hinchliffe和Johanan Ottensooser 金杜律师事务所
“智能合同”是一个含义包罗万象的流行语，可以用来解释一切，从实现区块链（另一个流行语）的价值到律师职业的终结（这不可能正确）。最近，目前世界上最大的智能合同（有个不吉祥的名称，叫做“去中心化自治组织”，简称“DAO”）遭到了“攻击”。对许多人来说，这意味着用计算机代码代替律师的梦想被击碎。这是否是对这一新生技术发出的如同电影《终结者》中“天网”式的警告，预示着过度依赖机器会充满危险？答案既是肯定的，也是否定的。但是，在金融合同领域，我们有办法将人的最佳判断和计算机的高效率结合起来。
在本文中，我们将撇开热闹，对这些流行语进行解码。我们将告诉您“智能合同”究竟是什么东西，为什么人们会关心它。我们还会以通俗的语言解释对DAO的攻击是怎么回事，以及攻击带来的对智能合同的担忧。我们会提出一个解决方案，即人与机器相结合的智能合同数字模拟框架（简称“DnA”框架）。通过相关链接，读者可以研究、检验和完善我们的解决方案，所有资源均开放共享。
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By Cheng Lim, Stephen Minns and Millie Zhong. King & Wood Mallesons
T
h
ere are more data breaches every year
Every day, we read a new story about a new data breach. It’s not just because it makes a good story for the media to report; it’s because there are more data breaches
By Jerome Tse, Fiona Beattie, Stephen Pevsner and Bill Ye. King & Wood Mallesons
It has never been more important for multi-national enterprises (MNEs) to consider their global transfer pricing positions.
Governments around the world have stepped up their“tough on multi-national tax” rhetoric fuelled by intense political pressure.
They have strengthened transfer
作者：Fiona Beattie，Stephen Pevsner，Bill Ye以及Jerome Tse
对于跨国企业（MNE）来说，考虑自身在全球转让定价中的地位从未如此重要过。
受密集的政治压力所迫，各国政府进一步发表“对跨国税收采取强硬态度”的措辞以回应强大的政治压力。继经合组织（OECD）的税基侵蚀和利润转移（BEPS）项目之后，各国政府强化了转让定价法律法规，启动了对多项转让定价协议的全球审计。近期欧盟范围（EU）内的政府补贴调查显示，转让定价不仅仅只是一个国际税务问题。
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By Scott Farrell, Kate Jackson-Maynes, Max Allan and Johanan Ottensooser. King & Wood Mallesons
10
key points on blockchain and the way it can change the fabric of finance
1. It is more than bitcoin.
Blockchain is the technology behind bitcoin but its use far exceeds digital currencies. The importance of blockchain
By Scott Farrell, Claire Warren, Roslyn Hinchliffe and Johanan Ottensooser. King & Wood Mallesons’ Sydney Office
“Smart contract” is a buzzword phrase which could mean anything and be used to justify everything, from the realisation of the value of blockchain (another buzzword) to the end of lawyers (that can’t be right). To
By Simon Holmes (EU) , Emma Radcliffe (EU), Sharon Henrick (AU), James Darch (AU), Neil Carabine (HK), James Wilkinson (HK) and Kate Peng (PRC). King & Wood Mallesons
The volume and depth of cross-border cooperation between competition authorities is increasing, according to American Bar Association research. Greater collaboration between regulators has occurred as issues have
作者：彭荷月 （中国内地）、Neil Carabine （中国香港）、James Wilkinson （中国香港）、Simon Holmes （欧洲）、 Emma Radcliffe（欧洲）、Sharon Henrick （澳洲）及 James Darch （澳洲） 金杜律师事务所
根据美国律师协会的研究，竞争事务机构正在不断扩大和加深彼此的跨境合作。随着竞争事务日益呈现复杂化和跨管辖区的特点，监管机构也在着手深度合作。
这一现象凸显出，跨国公司需要在处理竞争事务（包括并购和反垄断合规）时保持全球视角。所以，这也要求全球各地的竞争事务顾问细心的相互协调，不论他们是否属同一家或不同律师事务所。
本文简要介绍我们在办理业务过程中分别与澳大利亚、中国、欧洲和香港竞争事务监管机构相处的经验，包括：
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By Stephen Mason and Jodi Gray.King & Wood Mallesons
S
outh Africa’s financial sector is currently undergoing significant regulatory reform, which will likely result in the establishment of a “twin peaks” model of regulation in the near future through the enactment of the Financial Sector Regulation Bill at some point during 2016.
This article summaries
