King & Wood Mallesons

Our first edition of The Dispatch for 2025 celebrates big deals our teams wrapped up as 2024 wound down. Our feature deal is one of Australia's largest public transactions - Northern Star Resources' $A5b acquisition of De Grey Mining. We also recognise significant deals across private capital, energy transition and infrastructure. We hope to see more landmark deals like these in the year ahead! Read the full edition here. https://ow.ly/Hhax50UPYNN

A warm welcome to our newest Melbourne Summer Clerks who will call KWM home for the next few weeks! We hope you’re enjoying the hands-on experience and learnings from our industry leaders. At KWM together we learn, together we master, together we lead. #KWMclerks #LearnMasterLead

Wishing our clients, colleagues and friends a very Happy Chinese and Lunar New Year. May the Year of the Snake bring prosperity, health and happiness to all! #chinesenewyear #lunarnewyear #yearofthesnake

READ: Op Ed - How will workplace reform feature in the coming election? KWM Strategic Counsel the Hon Graeme Watson explains the productivity imperative in Monday’s The Australian Financial Review.  https://lnkd.in/gSVHkbjd

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