Mergers & Acquisitions

In our blog on 31 March 2020, we discussed the temporary measures introduced by the Australian Government which apply during the COVID-19 pandemic, and alluded to possible permanent reforms to Australia’s foreign investment framework. On 5 June 2020, the Australian Treasurer announced a 21 point reform package to change how foreign investment proposals are assessed […]

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As part of its response to COVID-19, the Australian Securities and Investments Commission (ASIC) has announced some temporary relief measures that will improve the ability of listed companies to urgently raise capital. Listed companies will be able to undertake ‘low doc’ capital raisings (including through placements, rights offers and share purchase plans) even if they […]

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On Sunday 29th March 2020, the Australian Treasurer, Josh Frydenberg announced temporary changes to the Foreign Investment rules, including that: the threshold amount which determines whether particular foreign investments are subject to official review has been reduced to $0.; the statutory timeframe for reviewing each application is extended from 30 days to 6 months after […]

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The recent re-election of the Morrison Government in Australia will ensure Australia remains open for business and welcoming of foreign investment. The current low growth environment which left the Reserve Bank to reduce official interest rates to record lows will be weighing heavily on the Government as it seeks to maintain its projected budget surplus […]

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In October 2018, changes were made to Australia’s crowd-sourced funding (CSF) laws in order to open up new capital raising opportunities for small private companies. We are shining a spotlight on CSF, as start-ups in particular may wish to consider this as an alternative way to secure funding. Click here to read more.

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Australia’s competition regulator, the ACCC, has initiated its first Federal Court action for “gun jumping” conduct by merger parties. Broadly defined, “gun jumping” refers to unlawful pre-merger coordination between the parties to the merger. When the merging parties are competitors, gun jumping occurs where the parties coordinate their competitive conduct in a way that breaches […]

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Adam Brooks, Lisa Marcus and Nick Crawford of Thomson Geer’s Melbourne Corporate Mergers and Acquisitions team acted for Lion Selection Group Limited in successfully opposing a Takeovers Panel application and a subsequent review application to conduct proceedings issued by Lois Lane Investments Pty Ltd, Bloom Financial Advice Pty Ltd and others (collectively, the “applicants”) in […]

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