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December 5, 2018
Going Down Under: Australian business acquisitions by foreign investors – Restrictions and approvals for foreign purchasers

Foreign purchasers can be required to obtain approval under Australia's foreign investment framework, which includes the Foreign Acquisitions and Takeovers Act 1975 (Cth) (FATA). We lay out the foreign investment framework for cross-border deals into Australia and look at the exemption certificate for business acquisitions. Am I a “foreign person”? A foreign person includes: A […]

November 29, 2018
The effect of #MeToo on business deals. The rise of the Weinstein Warranty.

What is the “Weinstein warranty” or "Weinstein clause"? We know about the allegations of sexual harassment against Harvey Weinstein and other prominent figures in various industries. We know about rise of the #MeToo and #TimesUp movements. What is less known is that, as a result of the campaigns, the “Weinstein warranty” has emerged. It also […]

November 23, 2018
Changes: How long do you have to pay an employee on termination?

What's new? As part of its four-yearly review, the Fair Work Commission (FWC) amended most modern awards. 89 modern awards had previously been silent as to when an employee's final payment must be paid. The FWC has decided to impose a time for payment. Employers are now required to make termination payments to an employee […]

November 8, 2018
Protecting Buyers in Uncertain Times – Court supports $4.3 billion deal walkaway

For the first time, a buyer has successfully relied on a MAC clause with a court’s support where changes to the target business were durationally significant. It is a timely decision for acquisitions during uncertain economic times. What is a Material Adverse Change condition? A material adverse change (MAC) condition or representation is a mechanism […]

Updates + Insights

December 5, 2018
Going Down Under: Australian business acquisitions by foreign investors – Restrictions and approvals for foreign purchasers

Foreign purchasers can be required to obtain approval under Australia's foreign investment framework, which includes the Foreign Acquisitions and Takeovers Act 1975 (Cth) (FATA). We lay out the foreign investment framework for cross-border deals into Australia and look at the exemption certificate for business acquisitions. Am I a “foreign person”? A foreign person includes: A […]

November 29, 2018
The effect of #MeToo on business deals. The rise of the Weinstein Warranty.

What is the “Weinstein warranty” or "Weinstein clause"? We know about the allegations of sexual harassment against Harvey Weinstein and other prominent figures in various industries. We know about rise of the #MeToo and #TimesUp movements. What is less known is that, as a result of the campaigns, the “Weinstein warranty” has emerged. It also […]

November 23, 2018
Changes: How long do you have to pay an employee on termination?

What's new? As part of its four-yearly review, the Fair Work Commission (FWC) amended most modern awards. 89 modern awards had previously been silent as to when an employee's final payment must be paid. The FWC has decided to impose a time for payment. Employers are now required to make termination payments to an employee […]

November 8, 2018
Protecting Buyers in Uncertain Times – Court supports $4.3 billion deal walkaway

For the first time, a buyer has successfully relied on a MAC clause with a court’s support where changes to the target business were durationally significant. It is a timely decision for acquisitions during uncertain economic times. What is a Material Adverse Change condition? A material adverse change (MAC) condition or representation is a mechanism […]

October 19, 2018
Ascenta and LegalSifter Partner to Accelerate Contract Review with Artificial Intelligence

Ascenta and LegalSifter Partner to Accelerate Contract Review with Artificial Intelligence LegalSifter and Ascenta are proud to announce a strategic partnership to offer a “combined intelligence” solution for contract negotiation for clients in Australia and New Zealand.Combining LegalSifter’s artificial intelligence (AI) with Ascenta’s legal expertise will allow clients to review contracts quickly and confidently at […]

October 17, 2018
Overview of Private Mergers and Acquisitions in Australia

Read our Q&A guide to private mergers and acquisitions law in Australia. This guide is part of the global guide to private acquisitions law published by Thomson Reuters Practical Law. The Q&A gives a high level overview of key issues including corporate entities and acquisition methods, preliminary agreements, main documents, warranties and indemnities, acquisition financing, […]

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