Welcome to our October issue of Regulator.
In this issue we consider recent initiatives that afford greater protection for consumers directed at financiers and credit providers, as well as international developments that have an impact on Australian business.
The new UK Bribery Act reinforces the importance of rigorous compliance measures to guard against acts of bribery, and we take this opportunity to also explore the anti-corruption laws of the US and China. Many of these laws have extra-territorial application, and the reach of international regulators is longer than ever before. Vigilance in this area is extremely important for any Australian business with an international outlook, especially as the world's financial markets become more integrated.
As the global economy continues to evolve, so too does China's financial system. We contemplate China's RMB's long journey to convertibility and the opportunities for Australian business.
We hope these articles offer a useful snapshot of recent developments in Australia and abroad, and always welcome any comments or suggestions you may have.
Best wishes,
Stuart Fuller, Managing Partner
Signpost
Mallesons boosts Perth practice with new partner hire
Mallesons has expanded its Perth practice with the appointment of employment expert, Philip Willox. The hire will further strengthen the firm's national employment and dispute resolution teams.
Philip has significant experience in industrial relations and occupational health and safety, particularly in the energy and resources sector.
Philip’s appointment is effective December 2010.
Mallesons welcomes leading commercial litigator to Hong Kong office
Denis Brock, one of Hong Kong’s most experienced and respected commercial litigators, joined the Mallesons Hong Kong practice last week as partner. He has had a distinguished career in litigation and dispute resolution in both Asia and the UK.
Denis’ experience in the commercial litigation and regulatory areas will be a valuable complement to the strong expertise of the existing Mallesons Dispute Resolution team.