Top 10 International Law Headlines from Australia
Direct trading of the Australian Dollar and the Chinese Yuan Renminbi commenced on 10 April 2013, pursuant to an agreement between the Australian Government and the People's Bank of China.
From 1 July 2013, a new Anti-Dumping Commission will be established in Melbourne and an Anti-Dumping Commissioner will be appointed to head the new authority.
In TCL Air Conditioner Co Ltd v The Judges of the Federal Court of Australia HCA 5, the High Court of Australia, the Court at the apex of the judicial hierarchy in this jurisdiction, has unanimously rejected a constitutional challenge to the Australian domestic legislation, the International Arbitration Act 1974, that gives the force of law in Australia to, inter alia, the UNCITRAL Model Law on International Commercial Arbitration.
Crew reports and other customs reports must be submitted in time to avoid the risk of a potentially significant fine.
The TCL case confirmed the constitutional validity of the IAA, which applies to international arbitration in Australia.
The SIV may drive the demand for investment opportunities and provide fund managers with an additional source of assets.
Parties to international contracts should expressly choose a law to govern an arbitration agreement in the contract.
Recent events in Cyprus1 have understandably caused consternation in the markets.
The article covers foreign insolvency proceedings in Australia under the UNCITRAL Model Law on Cross-Border Insolvency.
This newly published guide assists clients in understanding the Australia marketplace.