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HWL Ebsworth advising AC3 on its $25 million acquisition of Bulletproof

HWL Ebsworth is advising cloud specialist, AC3, an Australian owned IT services company, on the buyout of listed company Bulletproof (ASX:BPF). The offer of 15.2 cents per share and is via Scheme of Arrangement, subject to Bulletproof shareholder and court approvals. AC3’s offer is 38 per cent higher than rival bidder Macquarie Cloud Services who … Read more

HWL Ebsworth hosts China asset manager delegation

HWL Ebsworth was recently pleased to host, with the Victorian Government and AUSTRADE, a delegation of asset managers from China, at the firm’s Melbourne offices. The delegates were part of a China Asset Management Mission to Australia organised by the Commonwealth Government, and included delegates from Kunpeng Capital, the China Venture Capital & Private Equity … Read more

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Foreign businesses beware: the Australian Consumer Law goes global

Valve Corporation v Australian Competition and Consumer Commission [2017] FCAFC 224 The Full Federal Court has affirmed a $3 million penalty levied against Valve Corporation (Valve) for contraventions of the Australian Consumer Law (ACL). Valve was held to have made false or misleading representations about the existence or exclusion of a guarantee or remedy in … Read more

Palmer Wind Farm decision quashes objections and provides clarity to wind farm developers

What does this decision mean for wind farm proponents / operators? The decision provides clear determinations on issues that are commonly raised by objectors to wind farm proposals. The decision makes it clear that the more a proponent is on the front foot in addressing these issues, the smoother the approvals process should run. We … Read more

Stamp duty amnesty period for motor car traders

In a recent Duties Bulletin, the Victorian┬áState Revenue Office (SRO) has offered licensed motor car traders (LMCTs) an opportunity to voluntarily disclose, before Thursday 31 May 2018, any motor vehicles they have incorrectly obtained a duty exemption on over the last five years. By doing this, they will reduce the amount of penalty tax payable … Read more

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