On 23 May 2019, the NSW Supreme Court handed down its decision on which of the five shareholder class actions filed against AMP Ltd (AMP) will be allowed to proceed.

The Notifiable Data Breaches scheme (February 2018), enacted new obligations for both government agencies and private sector organisations that were already subject to the Privacy Act 1988 (Cth). One year on from the scheme’s introduction, the Office of the Australian information Commissioner (OAIC) reports that data breach notifications have increased by over 700%.

Welcome to Edition 110 of Boardroom Brief.

This is a service specifically targeted at the needs of busy non-executive directors. We aim to give you a “heads up” on the things that matter for NEDs in the week ahead – all in two minutes or less.

Jacinda Ardern and Emmanuel Macron have rallied world leaders and tech companies this week at an international summit in Paris to announce the ‘Christchurch Call’, a pledge for greater action to “eliminate terrorist and violent extremist content online”. Described by Ardern as a “roadmap to action”, the Christchurch Call seeks to maintain pressure on big tech companies in the wake of the attack to do more to identify and remove extremist content from their platforms.

Should ASIC adopt the ‘litigate first’ approach to enforcement and has it been insufficiently tough on banks? Or have we gone too far in our preoccupation with banking mistakes? In his article in Disputes Yearbook 2019, G+T partner Richard Harris argues that "Bankers and banks are now exposed to much higher risks than ever and a greater probability of the risk eventuating." 

An ahead market in the national electricity market (NEM) is a step closer, with the Australian Energy Market Commission recently issuing a consultation paper on the implementation of a short-term forward market to operate alongside the NEM.