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Case review 09/13/2022
Federal Court of Australia weighs in on scope of cover for “direct financial loss” arising from a cyber incident
In this article we explore the recent Federal Court decision in Inchcape Australia Limited v Chubb Insurance Australia Limited, which highlights the importance of considering the precise wording of the policy when determining whether a cyber insurance policy will adequately cover an insured for potential losses.
We are pleased to announce another key appointment to our growing corporate and commercial division. Partner Matthew Poli, who joins from (formerly) BLM, will be based in London but will work with clients globally on a broad range of non-contentious matters.
After several years of delays the Personal Data Protection Act B.E. 2562 (2019) ("PDPA") came into force in Thailand on 1 June 2022. Since then, on 20 June 2022, subordinate legislation (the "Notifications") under the PDPA was issued by the Personal Data Protection Committee ("PDPC") and published in the Royal Thai Government Gazette.
These Notifications are intended to set out the various criteria and rules, as well as much needed guidance and clarification, of some key requirements under the PDPA.
Case review 07/06/2022
Federal Court of Australia paves the way to requiring AFS licensees to have adequate cybersecurity and cyber resilience measures
In the recent case of Australian Securities and Investments Commission v RI Advice Group Pty Ltd, the Federal Court of Australia considered for the first time the cybersecurity obligations of Australian Financial Services licensees and their authorised representatives.
Maryland amends its privacy law – Still not a comprehensive law, but it inches closer to other privacy laws
Maryland has updated its Personal Information Protection Act (“PIPA”), and while PIPA may not be considered a “comprehensive” privacy law, the revisions to PIPA enacted under House Bill 962 (“the Act” or “HB 962”) will bring some of PIPA’s provisions in line with the comprehensive data privacy laws recently enacted by a handful of other states.
We have reported our highest ever revenue of £286m, up 8% from £264m* the previous year. The most significant growth came in North America, where revenue was up 24% to £55m, following a continued growth period fed by work from new and existing clients, a series of lateral hires and the opening of a new office in Delaware.
While Australia was one of the first countries in the world to adopt privacy legislation, it has always lacked a cause of action for invasion of privacy. The Attorney-General’s Department is currently reviewing the Privacy Act 1988 (Cth), including whether an action for invasion of privacy should be introduced into Australian law.
Kennedys partners and senior staff listed in Best Lawyers Australia and Best Lawyers Ones to Watch 2023
Congratulations to the 15 Kennedys lawyers recognised by their peers in the 2023 edition of Best Lawyers in Australia and the inaugural edition of Best Lawyers 'Ones to Watch', both published on 21 April 2022.
As 2021 came to a close and the ever-present threat of ransomware attacks continued to loom large, there was arguably no greater security risk in the minds of cybersecurity professionals than the Log4j vulnerability. Jen Easterly, director of the U.S. Cybersecurity & Infrastructure Security Agency, referred to Log4j as the most serious security flaw she had ever seen, which may not be fully resolved for years to come.
Technology to the rescue? How insurtech is helping insurers improve the customer experience and comply with new regulatory requirements
The 2022 ClaimsTech Summit was held in Sydney on 3 March and Kennedys was pleased to host a panel discussion concerning “Managing Insurance Regulatory Reforms”. The panel's discussion highlighted the importance of insurtech for Australian insurers in the 21st century.