1381-1390 of 2682 results
Allens advises Morgan Stanley Infrastructure Partners on $3.3bn PEXA IPO
MSIP sold its entire 40 per cent stake in PEXA as part of the IPO, which valued PEXA at $3.3 billion. Allens previously advised MSIP on the $1.6 billion buyout of PEXA in late 2018, alongside ...
Allens advises Vocus Group on $3.5bn acquisition
Macquarie Infrastructure and Real Assets (MIRA) and Aware Super comprised the consortium that agreed the take-private transaction for Vocus Group in a deal valued at approximately $3.5 billion. Voc ...
Vietnam adopts more stringent rules on ownership in banks and their operations
The newly passed Law on Credit Institutions 2024 (effective from 1 July 2024) will lower the ownership limits in Vietnamese credit institutions to address cross-ownership issues. It will also impose stricter ownership disclosure requirements to increase market transparency. ...
WA Court of Appeal determines meaning of 'feasibility study' in the context of a joint venture agreement
In the recent decision of Pilbara Iron Ore Pty Ltd v Ammon [2020] WASCA 92, the WA Court of Appeal considered a farm-in agreement where one party had to pay for a 'feasibility study' in order to acquire an interest in a mining tenement. The primary question for the Court of Appeal was whether the feasibility study had to be 'bankable' or if it could be of a lower standard. ...
A decade of State Agreements in Western Australia: trends and predictions
State Agreements have been described in Parliament as 'the cornerstone of [Western Australia's] resources sector, particularly the large sector'. Members of the WA Government in the past have asserted that Western Australia would not have projects like the extensive iron ore operations in the Pilbara, North West Shelf, Gorgon, Wheatstone and the DBNGP without State Agreements. ...
NSW reforms to fix building defects – potential for indeterminate liability?
The NSW Government has enacted new legislation imposing new obligations on design practitioners, engineers and builders and sees a fundamental shift in the relationship between these practitioners and owners as part of its reforms to the building industry. For all owners, builders and designers, we examine these changes and outline steps you can take now. ...
Donau Pty Ltd v ASC AWD Shipbuilder Pty Ltd [2019] NSWCA 185
The NSW Court of Appeal in Donau Pty Ltd has considered how long a party's right to terminate a contract lasts following a breach by the other party and the implications this has for the doctrine of election. ...
Sanctions developments in 2023 and expectations for 2024
Following the Russian invasion of Ukraine in February 2022, global sanctions proliferated rapidly. This trend continued in 2023, and the World Trade Organisation estimates that 12% of global trade is now affected by sanctions. ...
Allens again tops project finance rankings
In FY23, the firm advised on the financing of a number of key infrastructure projects, including advising: the syndicate of lenders on Squadron Energy's innovative portfolio debt financing package ...
New year review: contract resets in the infrastructure sector
A new year often brings with it an opportunity to review, reflect and….reset? The infrastructure sector has been subject to significant and unpredictable pressures in the last five years which has meant that contracts that were once fit for purpose are no longer responding to risks appropriately. ...