Doing business in Australia answers some of the most common questions an overseas investor may ask when establishing a business presence in Australia. It aims to provide an introduction to the laws of Australia for overseas legal practitioners.
The Takeovers Panel is now an established feature of the Australian corporate landscape. While it is widely considered to have made a substantial contribution to the efficient conduct of control transactions, its decisions haven’t always been free of controversy, and have recently produced another application for judicial review under the Administrative Decisions (Judicial Review) Act.
Since the introduction of the demerger rules in Division 125 of the Tax Act in 2002, Gilbert + Tobin has advised on numerous demergers, including some landmark transactions, such as the first three-way demerger and scrip-for-scrip acquisition involving Foodland, Metcash and Woolworths. Over that time, we have seen a narrowing by the Commissioner of Taxation (ATO) of the scope of the demerger provisions.
Gilbert + Tobin has released the 2018 edition of its Takeovers + Schemes Review, which examines 2017's public company M&A transactions valued over $50 million and provides our perspective on recent trends and what that might mean for 2018.
Gilbert + Tobin has released the 2017 edition of its Takeovers + Schemes Review, providing an in-depth review of 2016's public company merger and acquisitions (M&A) transactions valued over $50 million. It provides Gilbert + Tobin's perspective on the trends for M&A in 2016 and what that might mean for 2017.
On 1 December 2016, the Takeovers Panel released its revised Guidance Note 12: Frustrating Action. Broadly, a ‘frustrating action’ is an action taken by a target board which results in a bid or potential bid being withdrawn, lapsing or not proceeding.
Gilbert + Tobin has released the 2016 edition of its Takeovers and Schemes Review, providing an in-depth review of merger and acquisition transactions for ASX listed companies in 2015. It provides Gilbert + Tobin's perspective on the trends for Australian public mergers and acquisitions in 2015 and what that might mean going forward in 2016. This is the 5th edition of the Review.
Public submissions recently closed on the Takeovers Panel’s consultation draft of a new guidance note on shareholder intention statements in the context of public company takeovers. The proposed guidance follows recent Panel decisions concerning Ambassador Oil and Gas Limited and Bullabulling Limited.