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PE Horizons market update 2020
Insight 19 Aug 2020

PE managers are scouring the market for complex opportunities to drive returns. Complex carve outs of unloved businesses will continue to pique the interest of dealmakers. Some assets will be value buys and others will prove defensive in a time of risk. ...

ALRC Final Report: Corporate Criminal Responsibility
Insight 01 Sep 2020

The Australian Law Reform Commission's Final Report on Corporate Criminal Responsibility (Report) was made public on Monday, 31 August 2020 after being tabled by Parliament. Watch our experts examine some of the Report's key proposals and their likely impact for companies. ...

ASIC's Corporate Plan 2020-2024
Insight 31 Aug 2020

ASIC's Corporate Plan sets out its strategic priorities and actions for the next four years, especially its approach to its supervisory, surveillance and enforcement functions, and how each of those may have been impacted by the COVID-19 pandemic. ...

Allens advises Cerberus on proposed acquisition of Westpac's Strategic Alliances business
News 24 Aug 2020

Cerberus, a leader in alternative investing, will combine Strategic Alliances with its portfolio company, Angle Finance, to create a leading equipment financing company with diversified financing ...

Allens advises Sydney Airport on $2bn equity raising
News 17 Aug 2020

'This entitlement offer represents decisive action by Sydney Airport to address not only its liquidity and balance sheet, but to enable it to pursue potential growth opportunities should they arise ...

Accurate tenement expenditure recording under the Mining Act 1978 (WA): an update from the Warden's Court
Insight 13 Aug 2020

Recent proceedings before the Warden's Court of Western Australia have reinforced a long line of decisions and the nature of a tenement holder's obligations in tenement reporting; affirming the requirements for detailed and accurate reporting on expenditure, and emphasising the importance of ensuring tenement holders are truthful when reporting expenditure. The decisions are a timely reminder of the importance of adequately resourcing the compiling, calculating and reporting expenditure functions (and the need to keep detailed records to substantiate that expenditure), as failure to do so can ultimately lead to forfeiture of tenements. ...

WA Court of Appeal determines meaning of 'feasibility study' in the context of a joint venture agreement
Insight 13 Aug 2020

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. ...

Forging ahead – legal update on the WA mining and construction sectors
Insight 13 Aug 2020

Mining has long been a cornerstone of the Australian economy. In the wake of COVID-19, the industry has remained largely resilient, particularly in Western Australia where mining operations have remai ...

A decade of State Agreements in Western Australia: trends and predictions
Insight 13 Aug 2020

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. ...

WA EPA greenhouse gas emissions guideline finalised
Insight 13 Aug 2020

The Western Australian Environmental Protection Authority (EPA) has released its finalised Greenhouse Gas Emissions Environmental Factor Guideline (GHG Guideline). ...

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