Allens

Allens a+ (Alternative Legal Services)

Our experienced a+ (Alternative Legal Services) team regularly publishes articles and updates – the full list of publications appears below. These publications provide a snapshot of the latest technology developments impacting the legal and regulatory sectors in the era of disruption and change. If you'd like to be notified when we add new a+ (Alternative Legal Services) publications to the site, please go to our subscription page to sign up for email alerts or, alternatively, you can subscribe to our RSS feed.

Read about Allens' track record in this dynamic area.

Allens Alternative Legal Services Publications

  • Focus: Crowd sourced equity funding to gain traction with new legislation

    23 March 2017

    After a difficult journey, both Houses have passed the Corporations Amendment (Crowd-sourced Funding) Bill 2016 - introducing a new funding avenue for Australian startups and an opportunity for retail investors to access equity in emerging companies. Managing Associate Valeska Bloch, Senior Associate Tom Griffin, Summer Clerk Katherine Tsatsaklas and Applied Legal Technology Head Paralegal Hope Williams report.

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  • Client Update: ASIC announces fintech licensing exemptions

    19 December 2016

    As part of its implementation of the 'regulatory sandbox' for fintech companies, ASIC is providing relief for certain fintech businesses from the obligation to hold an Australian financial services or Australian credit licence. Relief may be available for up to 12 months and may be useful to businesses in what ASIC refers to as the 'testing' stage of their development. ASIC has also made some changes to the responsible manager requirements for licensees, which may be particularly useful to 'robo advice' providers. Managing Associate Simun Soljo and Associate Jonathan Gardner report.

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  • Focus: Predictive coding gets green light from an Australian court

    9 December 2016

    The Victorian Supreme Court recently handed down the first decision of an Australian court to specifically consider and approve the use of predictive coding technology in a large-scale discovery exercise. Partner Nick Rudge, Managing Associate Kate Austin and Applied Legal Technology Manager Lisa Kozaris consider the decision and its implications.

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  • Focus: Landmark Productivity Commission report on data availability and use

    24 November 2016

    The Productivity Commission has released a landmark draft report on the ability of individuals, businesses and government to access and use data in Australia. The report criticises Australia's historically conservative approach to data use and proposes a 'fundamental and systematic change' to the way that data is made available and linked. Partner Gavin Smith, Managing Associate Valeska Bloch, Associate Tom Griffin and Lawyer Claudia Hall report.

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  • Unravelled: Blockchain and why smart contracts still need smart lawyers

    6 July 2016

    There has been so much talk about blockchain and distributed ledger technology recently, especially in financial services, that you might be forgiven for thinking it might be more hype than substance. But we think it could be very important technology.

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  • Focus: Predictive coding endorsed again by English High Court

    29 June 2016

    In its second decision on predictive coding this year, the English High Court has again accepted the use of this innovative technology in discovery, this time in a contested application. Partner Duncan Travis, Managing Associate Kate Austin and Law Graduate Yi-Ling Ng examine the case and its implications.

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  • Special Report: Understanding the opportunities and navigating the legal frameworks of distributed ledger technology and blockchain

    17 June 2016

    Authored by a multidisciplinary team from Allens, Blockchain Reaction is designed to assist business stakeholders, decision makers and in-house counsel across a variety of sectors to understand the technology and how it is being used, as well as navigate the regulatory and legal opportunities and challenges.

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  • Client Update: Bankruptcy and insolvency law reforms and the innovation agenda

    3 May 2016

    The Federal Government has released a Proposals Paper on possible changes to bankruptcy and insolvency laws that will form part of its broader National Innovation and Science Agenda. Reform to bankruptcy and insolvency law has been identified as an area that could contribute to changing 'the culture in our economy'. Partner Chris Prestwich, Managing Associate Valeska Bloch and Lawyer Tim Chiang look at the main aspects of the reforms.

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  • Unravelled: The rise of 'robo advice'

    6 May 2015

    'Robo advice' is another one of these phrases that we are suddenly seeing everywhere. The idea offers some exciting opportunities for advice providers. What are the regulatory issues? And how can lawyers help?

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  • Focus: Federal Government passes wide-ranging data retention laws

    8 April 2015

    Telecommunications and internet service providers will incur significant new compliance costs under the Federal Government's controversial new data retention laws. Following a wave of criticism of the Government's original proposals, a number of important changes were made to the original Bill during its passage through Parliament, including the introduction of safeguards on access to the retained data by government agencies and concessions made to protect journalists' confidential sources. Partner Gavin Smith, Lawyer Brydon Wang, and Law Graduate Leah Wickman report on what the new regime means for the telecommunications industry.

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  • Unravelled: The fintech phenomenon - risks and opportunities

    1 April 2015

    Everyone is talking about fintech. What is it? And what does it mean for the financial services industry and for regulation?

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  • Unravelled: Fighting to protect Fintech innovations

    3 December 2014

    The growth of financial services technology, or Fintech as it is now called, has exploded in recent years, yet many of its creators don't realise that their innovations are patentable.

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  • Unravelled: The 'Internet of Things' meets financial advice

    5 November 2014

    With financial services providers already taking advantage of the possibilities created by a new tide of internet meta data, we need regulators and a regulatory regime that see the opportunities implicit in the change, and not only the risks.

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