King & Wood Mallesons

KWM is proud to have achieved top positions in both Mergermarket and Refinitiv's M&A League Tables for 2024. You can see a snapshot of the results and the significant M&A deals we advised our clients on in 2024 here: https://lnkd.in/gDVkmtEu   A big congratulations to our M&A team and thanks to our clients for trusting us to advise on these major deals!

The adoption of generative artificial intelligence (Gen AI) in the financial sector has reached a pivotal moment as we enter 2025, presenting both opportunities and challenges. This article provides a high-level overview of the key benefits and risks associated with Gen AI, as well as recent regulatory developments in Hong Kong and other major jurisdictions. https://ow.ly/H3fs50UFR1A Authors: Minny Siu 萧乃瑩, Andrew Fei 费, Leimin Yu and Seagull Song. #GenAI #regulatory #financialinstitutions

China’s key financial regulator, the National Financial Regulatory Administration (NFRA), has published its highly-anticipated uncleared margin rules. The NFRA’s uncleared margin rules impose initial margin (IM) and variation margin (VM) requirements on non-centrally cleared derivatives transactions entered into by Chinese banking and insurance sector financial institutions regulated by the NFRA. This article provides a high-level overview of key takeaways from the NFRA’s uncleared margin rules. https://ow.ly/5noE50UE2X4 Authors: Minny Siu 萧乃瑩, Andrew Fei 费 and David Wu. #NFRA #initialmargin #variationmargin #derivatives #UMR #regulatory #margin

This month, the Hong Kong Government published the highly anticipated Stablecoins Bill (Stablecoins Bill). On 18 December 2024, it was introduced into the Legislative Council of Hong Kong for First Reading. This in-depth guide provides a detailed overview of Hong Kong’s Stablecoins Bill, with our observations based on our work with stablecoin issuers, digital asset platforms and industry groups over many years. https://ow.ly/BwM050UvNZc Authors: Richard Mazzochi, Minny Siu 萧乃瑩, Urszula McCormack, Andrew Fei 费, Vince Lee and Nikita Ajwani

KWM is delighted to have advised the syndicate of financiers on the project financing of each of Stages 1 and 2 of Wambo Wind Farm in Queensland for Cubico Sustainable Investments. The Wind Farm, which is already under construction and has power purchase agreements with Stanwell Corporation, will add more than 500MW of clean energy to Queensland’s energy system once completed. A big congratulations to all parties involved and the KWM team: Chris Dynon, Catherine Danne, Madeleine Coates, Aaron Brooks, Nicola Wang, Tanya Bromilow, Michael Gruber, Marcus Y., Emma Murphy and Emily Powell. https://ow.ly/s7QQ50UvMTN

As we fast approach 2025, it’s worth reflecting on one of China’s net zero transition goals: to have EVs represent at least 20% of new car sales next year. This would follow the astonishing growth trajectory of the EV market in China – across exports (growing 77.6% year on year) and local sales (up by 37.9% in 2023). The Chinese government is driving growth through tax incentives, subsidies and infrastructure development. Explore opportunities and challenges in this dynamic sector by reading our APAC Climate Guide on China. https://ow.ly/LXcN50UtPhm Keep an eye out for more to come from our ESG experts across the region in 2025! #NetZero #EVIndustry #China #KWMClimate Claire Rogers Meng Su Fan Rong Michael Lawson Richard Mazzochi

Happy Holidays to all of our people, clients and communities. Thank you for all your support this year, we look forward to collaborating and connecting with you in 2025!

When Tokyo-based partner Yoshiki Tsurumaki and Perth-based senior associate Richard Shi last caught up, they were on the shores of Hong Kong, reflecting on the record-setting summer in Japan. It’s a fitting backdrop to their more recent chat (this time, virtual) on Japan’s unique challenges as it transitions to clean energy. Their conversation is part of our ongoing APAC Climate Guide. Listen to their insights on the impact of the devastating Fukushima accident, opportunities in renewables and hydrogen tech, Tokyo’s carbon market, what it means for foreign investors and predictions. And / or read their takeaways on KWM Pulse. https://lnkd.in/gcUMyRPW #Japan #EnergyTransition #KWMClimate

LISTEN: Is rapid AI adoption a rising risk for employers?   2024 has been a big year in employment law. High profile investigations, the right to disconnect, same job same pay, multi-enterprise bargaining, labour hire, psychosocial risk, peeling back the onion on implications of Respect @ Work, and of course AI’s impact on employment law. Listen to Cilla Robinson, Sarah Clarke, Andrew Gray and Angela Weber analyse what it all means for 2025.   Apple - https://lnkd.in/gkkfKStm Spotify - https://lnkd.in/gjHySynz

PODCAST: How can restructuring solutions help to resolve mass tort liability? In KWM’s 2nd podcast episode of The Review Class Actions in Australia 2023/2024 Eleanor Atkins, Samantha Kinsey and Chloe Moore come together to discuss the intersection of restructuring law and class actions - sharing valuable insights on how restructuring processes can be used to manage mass tort liability. Listen on: Apple: https://lnkd.in/geP3BE7b Spotify: https://lnkd.in/gBfWQzdM   Read the full report here: https://lnkd.in/gFS5aE_x