New Anti-Encryption Laws: Locking Out the Global Tech Market

New Anti-Encryption Laws: Locking Out the Global Tech Market

Shock was felt throughout the Australian tech industry in response to news that the Telecommunications and Other Legislation (Assistance and Access) Act 2018 has been passed. The Act extends the powers of Australian law enforcement agencies to stop anti-terrorist activities by amending several pieces of legislation that deal with national security operations.

There are concerns that the effect of this Act may spread beyond anti-terrorism purposes. The introduction of these new laws has been labelled as “tech industry killer” by several Australian businesses. A real risk is that these laws will significantly stifle the competitiveness of Australia’s burgeoning IT industry in the global market, as well as detract major brands from Australian talent and consumer market. 

Considerations When Using "Buy Now, Pay Later"

Considerations When Using "Buy Now, Pay Later"

There is no doubt that the Buy Now, Pay Later payment gateway is one of the biggest innovations in FinTech for the retail sector. As a business owner, you may be interested to take advantage of the holiday shopping period to engage the services of one of these gateways and capture some of this value. On the other side of the coin, as a consumer you may use the platform to make payments more flexible, to make valuable purchases easier, and to stagger your cash flow.

We answer the most commonly asked questions from businesses and consumers about Buy Now, Pay Later arrangements.

Is your business ready for the GDPR?

Is your business ready for the GDPR?

In April 2016, the European Union (EU) introduced the General Data Protection Regulation (Regulation (EU) 2016/679) (GDPR) and the GDPR is set to take effect from 25 May 2018. This is the biggest change to happen in the regulatory framework of privacy to date and the GDPR effectively ushers in a new era of a strict rules concerning privacy and data security with severe penalties for non-compliance.

Law Squared's 2nd Birthday: a Founder's reflection

Law Squared's 2nd Birthday: a Founder's reflection

This firm was built on a vision to change the conversation people were having about lawyers. Reflecting on our journey two years down the track, I am confident we are fulfilling this vision by working closely with like-minded entrepreneurs and growth businesses. Happy 2nd Birthday, Law Squared!

 

2017 Reflection: our highlights and roller-coaster moments

2017 Reflection: our highlights and roller-coaster moments

If 2016 was our year to establish Law Squared, 2017 was a year of such rapid change that it was sometimes hard to keep up. Rapid and exhilarating progress and unforgettable moments as a team has alternated with more challenging times, and as with most high growth businesses, our fair share of growing pains.

In reflecting on the year, three things stood out to me that I consider to be some of the most valuable (and to be honest, hard-won) lessons I’ve learnt this past year…

What is an ICO, and is it even legal?

What is an ICO, and is it even legal?

An Initial Coin Offering, or ICO, is a new form of fundraising that allows companies to take advantage of “cryptocurrencies” to raise large amounts of capital and fund projects. Similar to an Initial Public Offering (IPO), an ICO allows investors to purchase new forms of cryptocurrency colloquially referred to as “coins” or “tokens” from the seller business. Read on to hear how an ICO differs from an IPO, and the legality and risks of ICOs in Australia. 

5 Legal Questions Entrepreneurs Should Be Asking

5 Legal Questions Entrepreneurs Should Be Asking

Most entrepreneurs and self-employed professionals that I meet generally go about their daily work without thinking too much about the legal aspects of their business. With only 24 hours in a day, and about 10-12 actual working hours, entrepreneurs focus their time and energy on..

Shifting the focus from profit to outcome

Shifting the focus from profit to outcome

It’s 7.30pm and Sally is still in the office, her bosses have left for the day, some colleagues still linger and she has dinner at 8.00pm, which is about a 25-minute tram ride away. Sally has a daily budget of 60 units and today she has only hit 58 units. Does Sally (a) add two units throughout her timesheet...