471-480 of 2878 results
Troubled waters for Ports deal signals increased ACCC scrutiny of transactions involving common ownership and minority interests
It seems there are stormy seas ahead for common ownership issues in Australia, as the ACCC has indicated an increased appetite to scrutinise transactions involving parties with minority interests or common ownership in competing firms. ...
Tax Summit 2022: Capital Management and M&A
At the annual Tax Institute Tax Summit, Partner Joseph Power and Managing Associate Jay Prasad delivered a paper on 'Capital Management and M&A'. It examines the new proposed tax integrity rule for franked distributions funded by capital raisings, the decision in Aurizon and capital contributions, how the ATO's views on demergers have (re)shaped the demerger landscape and some tips and traps when paying a special dividend in connection with a scheme of arrangement. ...
Is a change (to a stapled structure) as good as a (tax) holiday?
In the second case to consider the general anti-avoidance rule contained in Part IVA since it was amended in 2013, a single judge of the Federal Court has held that the overall restructuring of a loan securitisation business from a corporate group to a corporate group and a separate trust group, which ultimately became a stapled structure, was legitimate and not rendered ineffective for income tax purposes. ...
A success for successor fund transfers – court finds that secret commission offence provisions do not apply
A recent decision in the Queensland Supreme Court should provide confidence to superannuation funds seeking to engage in successor fund transfers (SFTs) that they will not need to obtain the prior assent of the court or members before proceeding with the transaction, at least where Queensland and Victorian laws apply. ...
Earn-out consideration under a scheme of arrangement – the art of the possible
The recent acquisition of an unlisted public company Crestone Holdings Limited has established a new market precedent involving the use of earn out consideration under a scheme of arrangement. ...
Class action risk: interim update
Filings are down, but impact too early to call. 2022 is shaping up as the year that bucks a number of long-running class action trends. Filings are materially down on prior years, and the claims that have been filed are somewhat at odds with recent trends. ...
Financing the Australian offshore wind industry
Development of an offshore wind industry in Australia will be, in part, dependent upon access to commercial and institutional debt markets. In this Insight, our renewable energy projects and finance specialists explore some of the bankability issues that will be relevant to sponsors and lenders considering financing offshore wind projects in Australian waters. ...
Circular 15 issuance a baby step towards resolving orphaned transitional wind and solar projects in Vietnam
In this Insight, we unpack the key contents of Circular 15 and assess their likely impact given ongoing uncertainties. ...
Queensland Energy and Jobs Plan: what to expect 2022–35
This Insight examines what we can expect over the next twelve years from this endeavour to transform Queensland's energy system and achieve 80% renewable energy by 2035. ...