Struggling with rising construction costs? Learn how contractors can review existing construction contracts for fuel price relief, rise and fall clauses, and commercial solutions. As global fuel markets remain volatile, the price of petroleum and diesel has surged. This does not only impact commuters and freight transportation; it significantly inflates the cost of materials, heavy...
Introduction Australia’s Security of Payment (SOPA) legislation, such as the Building and Construction Industry Security of Payment Act 1999 (NSW) and equivalent statutes across Australian jurisdictions, establishes a rapid adjudication process for resolving payment disputes in the construction industry. The legislation was enacted to address systemic cash-flow problems in the industry by ensuring that contractors...
The Building and Construction Industry Security of Payment Act 1999 (NSW) (Act) is intended to promote cash flow in the construction industry by enabling parties who undertake construction work or supply related goods and services to obtain prompt interim payment. The statutory regime is frequently described as embodying a “pay now, argue later” philosophy, under...
The Supreme Court of New South Wales has introduced Practice Note SC Gen 23 (“Practice Note”), which came into effect on 3 February 2025, setting out strict guidelines for the use of Generative Artificial Intelligence (“AI”) in legal proceedings. This move comes as courts grapple with the challenges and opportunities AI presents in legal practice,...
The real estate industry is increasingly being placed in the spotlight for its potential involvement in illicit financial activities such as money laundering and terrorism financing (albeit inadvertently). In response to these growing concerns, the Australian government has significantly reformed its Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) regime. These changes are designed to make it...
The global cosmetics industry has seen an acceleration of mergers and acquisitions (M&A) throughout 2024 and into early 2025. Shaped by evolving consumer preferences, a heightened focus on sustainability, and technological innovation, the sector’s M&A activity reflects wider trends across global markets. As our director Peter Paradise recently observed in his analysis of legal and...
The global mergers and acquisitions (M&A) landscape in 2025 is poised for a robust year, building on the momentum of a strong 2024. With dealmakers optimistic amid improving capital markets and a more favourable interest rate environment, legal trends and economic policy—particularly from the United States and China—are playing an outsized role in shaping both...
Joint venture arrangements can take many forms, and the final structure is usually selected after careful consideration of the commercial and other tax requirements of the joint venture parties. For income tax and other related reasons, a unit trust structure is often utilised instead of a corporate joint venture structure or a partnership agreement. One...