You’ve got to hand it to litigation funders. They continue to explore novel ways to ameliorate the significant cost of class action litigation. In Hunt Leather Pty Ltd v Transport for NSW (No 4), the NSW Supreme Court determined that the litigation funding arrangement in that case did not constitute a recoverable head of damage for class members.

Did you know that the Chilean passport is considered one of the most powerful passports in Latin America, according to the ranking carried out by the firm Henley & Partners, since it is ranked 16th worldwide and number 1 in Latin America.

The Ministry of Finance has recently approved three new information statements in relation to virtual currencies. These are models 172, 173 and 721.

The informative statements, forms 172 and 173, refer to the balances and operations carried out with virtual currencies (commonly called cryptocurrencies) by natural and legal persons.

Periodically in the course of life, you might be asked to give a personal guarantee. You might be the owner of a business which wants to borrow money and as well as your company giving a charge over property or over its other assets to the bank or finance company, they might want you to guarantee the company’s payment obligations.

The Federal Court’s judgment confirms that crypto assets can be captured under existing financial services laws. Operators in the crypto industry should take note and utilise this opportunity to review their existing (and planned) operations

Since 2009, Chilean criminal legislation establishes the criminal liability of legal entities for certain crimes committed by natural persons (for example, bribery of a public official to obtain a permit for the legal entity).

In what has been a saga of losses in pursuit of gold, the latest Administrative Appeals Tribunal case of HNMF v Commissioner of Taxation has seen the Commissioner again face defeat, this time in respect of the anti-avoidance provisions in the GST Act.

This article summarises the key information provided at the ANZ Food Regulatory System Stakeholder Forum that is most relevant from a food industry perspective, particularly the regulatory priorities that were identified for 2024.  

The Taiwanese Ministry of Finance promulgated a new interpretative order on December 2023, regulating the income tax of foreign entities' carbon credits trading in Taiwan, that is, selling foreign carbon emission rights on the Taiwan Carbon Solution Exchange

On January 12, 2024, the Financial Market Commission (CMF) issued General Standard No. 502 which provides instructions on the provision of technology-based services regulated by the FinTech Law.

On December 11, 2023, Law 21,634 was published, which modernizes the public procurement regime. Below are some interesting modifications introduced by this law.

In August 2023, Food Standards Australia New Zealand published a recall notice in relation to an oats product. The reason for the recall was due to a failure to declare gluten. However, the product in question bore the statement “no gluten detected” and in the nutrition information panel (NIP) it read “Gluten – NIL DETECTED”.