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1 month ago | 
pinsentmasons.com | Susan Kantor |Veronica Scott |Aleesha Way |Alexis Coleman
Susan Kantor, an expert in cyber law at Pinsent Masons, said: “There is no law across APAC that specifically prohibits the payment of ransom following a cyber-attack.” “A new law that is unique in Australia is the Cyber Security Act, which introduced a range of new obligations, including new ransomware payment reporting laws that take effect from 30 May,” she said.
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1 month ago | 
pinsentmasons.com | Johanne Brocas |Aleesha Way |Alexis Coleman |Andrew Batty
SIAC handled 625 new cases in 2024, with 91% being international. Cases involved parties from 72 jurisdictions, compared to 66 in 2023, setting a record and highlighting the centre’s global reach, also reflected in the geographical diversity of arbitrators’ appointment with 43 jurisdictions represented compared to 38 jurisdictions in the previous year. South Korean parties emerged as the top users of SIAC, reflecting the institution’s growing presence in Northeast Asia.
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1 month ago | 
pinsentmasons.com | Hannah Griffiths |Alasdair Weir |Aleesha Way |Alexis Coleman
Although section 442A of the Corporations Act 2001 (Cth) (‘the Act’) gives administrators the power to remove a director from office or appoint a replacement to a company, section 437A of the Act sets out the role of an administrator and specifies that while a company is in administration, the administrator has control of the company’s business, property and affairs.
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2 months ago | 
pinsentmasons.com | Jennifer A. Wu |Aleesha Way |Alexis Coleman |Arwyn Jones
The Hong Kong Emergency Response Team Coordination Centre handled over more than 19,000 cybersecurity incidents in 2024 alone, a 35% increase compared to the previous year. Despite this increase, Hong Kong SAR had no statutory requirements for the protection of computer systems within its critical infrastructure (CI).
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2 months ago | 
pinsentmasons.com | Claire Barclay |Margo-Ann Werner |Aleesha Way |Alexis Coleman
With this in mind, Enoch Godongwana, South Africa’s minister of finance, outlined in the annual budget speech on 12 March the government’s plan to allocate R1.03 trillion (approx. US$54.7 billion) for public infrastructure projects by state-owned companies over the next three years. Included in the plan was R156.3 billion to water and sanitation infrastructure, R402 billion for road infrastructure and R219.2 billion for energy infrastructure.
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2 months ago | 
pinsentmasons.com | Karah Howard |Aleesha Way |Alexis Coleman |Arwyn Jones
The number of renewable energy projects has skyrocketed in recent years, with wind and solar the largest source of new energy in 2023, representing a 40% of overall increase in new capacity of renewable power. In the next 10 years, there is expected to be over $3 trillion of investments into power generation in the Asia-Pacific region, with around half in renewables.
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2 months ago | 
pinsentmasons.com | Nicole Whitby |Aleesha Way |Alexis Coleman |Andrew Batty
In the case, Primero was contracted by Coburn Resources to design and construct a mineral sands project in the Gascoyne region of Western Australia and the two entered into an EPC contract, with Primero Resources providing four insurance bonds to Coburn as security. Coburn returned two of the bonds to Primero.
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2 months ago | 
pinsentmasons.com | Nicholas Turner |Soomin Jun |Aleesha Way |Alexis Coleman
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2 months ago | 
pinsentmasons.com | Pamela McDonald |Aleesha Way |Alexis Coleman |Andrew Batty
The increased usage of arbitration in Qatar has been reflected in the latest statistics released by the Qatar International Centre for Conciliation and Arbitration (QICCA). The value of cases received by the centre in 2023 amounted to approximately QR 3 billion (£638.5 million), and most cases registered by the centre, around 60%, related to construction and contracting contracts.
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2 months ago | 
pinsentmasons.com | Karah Howard |Aleesha Way |Alexis Coleman |Andrew Batty
If a contractor’s entitlement due to adverse weather is not covered in a contract, then the common law position is that weather risks are borne by the contractor, unless any other clauses, such as force majeure, can provide relief.
