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Use of stub equity in control transactions
Insight 02 Oct 2020

ASIC has released its response to the submissions on its June 2019 Consultation Paper on certain aspects of the use of stub equity in control transactions, and the news is mostly positive. ...

Allens advises on Investa Commercial Property Fund capital raising
News 01 Oct 2020

ICPF's portfolio includes 15 office assets, including premium buildings such as Deutsche Bank Place, Sydney; 60 Martin Place, Sydney; and 120 Collins Street, Melbourne. 'We were delighted to work ...

Nucleus – corporate law developments: Second tranche of draft FIRB reforms; ASIC Corporate Plan for 2020-24; High Court clarifies personal/carer's leave entitlements; and other corporate law developments
Insight 25 Sep 2020

Second tranche of draft FIRB reforms released; ASIC releases Corporate Plan for 2020-24; ASIC grants relief for escrow and non-promotional communications for IPOs and updates RG5 and RG254; High Court sides with employers and clarifies personal/carer's leave entitlements; ACCC releases ninth interim gas inquiry report; extension of temporary COVID-19 continuous disclosure and insolvency relief measures; ALRC reports on Australia's corporate criminal responsibility regime. ...

Insolvency reforms to support small business
Insight 24 Sep 2020

The Commonwealth government announced a package of reforms directed at streamlining insolvency processes for small business. Our analysis on the issue from our insolvency and restructuring experts. ...

ASIC issues hardship withdrawal relief to responsible entities
Insight 15 Sep 2020

In response to the COVID-19 pandemic, ASIC has provided relief reminiscent of the GFC to allow hardship withdrawals from frozen funds.  The COVID-19 version of hardship-relief goes further than its GFC predecessor in many respects. We provide an overview of the issue. ...

Allens advises BP on $534M property partnership with Charter Hall
News 10 Sep 2020

The fund will be used to acquire and hold the majority of BP's owned convenience retail properties in New Zealand, which are leased back on long-term leases to BP Oil New Zealand Limited. As part o ...

Allens advises PEP on acquisition of Modern Star
News 09 Sep 2020

Modern Star supplies educational resources to early childhood centres and schools. 'We are thrilled to work with PEP as it expands its investment portfolio into the education sector,' said lead ...

Investing via convertible debt instruments in Vietnam
Insight 03 Sep 2020

We look at the pros and cons of convertible debt instruments compared to traditional equity investment in Vietnam, the availability of these instruments to foreign investors and a comparison between convertible loan and convertible bond. ...

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 ...

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