Australian businesses prepare for the new privacy regime
Well structured and efficiently implemented public private partnerships (PPPs) enable governments to reap the financial and efficiency benefits of partnering with the private sector to deliver public infrastructure and services. They can be the blueprint for the public and private sector working together to deliver better value-for-money services to the community.
Our PPP team has an unrivalled reputation for providing quality strategic, legal and commercial advice to assist in the delivery of major public sector infrastructure and services.
We have been instrumental in the development of the Private Financing model in Australia: We drafted and advised the Victorian government on its Partnerships Victoria policy and guidance documentation, which is the first private financing methodology of this type in Australia. The Commonwealth Private Financing guidelines, NSW 'Working with Government' Guidelines and other State government private financing methodologies explicitly state that they have procedural consistency with Partnerships Victoria. We are also retained by the Victorian Department of Treasury and Finance and NSW Treasury (and indirectly other State and Commonwealth Treasuries) to advise on the development of whole of government Standardised Commercial Principles for risk allocation and contract management in PPPs. This task is being carried out as an initiative of the National PPP Forum.
We have been at the forefront of the development of Australia's PPP sector and are now exporting those skills into Asia. Our on-the-ground lawyers in Hong Kong, Beijing and Shanghai work on infrastructure projects in many Asian jurisdictions, giving us an acute understanding of the local challenges and opportunities.
Having acted for both private sector participants and the government on numerous PPP deals, we have extensive specialised knowledge of the current market risk positions being achieved and risk mitigation strategies being employed in this sector. Our track record acting for buyers, sellers, developers, contractors and financiers means that we understand the various aspects of these transactions, what works and what doesn't, and are able to identify and pre-empt issues before they arise, leading to time and cost efficiencies. Our respected PPP team is engaged on a recurring basis and we have participated in almost all social infrastructure PPP deals across Australia.
On 31 December 2012, the China International Economic and Trade Arbitration Commission (CIETAC), a foreign-related arbitration commission set up by the China Council for the Promotion of International Trade (also known as the China Chamber of International Commerce) (CCPIT), released its Announcement on Issues Concerning CIETAC Shanghai Sub-Commission and CIETAC South China Sub-Commission" (the Latest Announcement). This is the latest development in a dispute, which has been on foot since April 2012, between CIETAC, the Shanghai Sub-Commission of CIETAC (CIETAC Shanghai), and the Shenzhen Court of International Arbitration (SCIA) (the CIETAC Dispute). SCIA was known as the South China Sub-Commission of CIETAC before 22 October 2012.
On Tuesday, 29 November 2011, as part of its Mid-Year Economic and Fiscal Outlook 2011-12, the Federal Government announced a package of changes intended to raise A$11.5 billion in new revenue and savings.