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Foreign Financial Service Providers – Extension of ASIC Licensing Relief and Consultation

The Australian Securities and Investment Commission (ASIC) has made seven class orders that conditionally exempted foreign financial service providers (FFSP) from the requirement to hold an AFS licence where they are regulated under overseas regulatory regimes that ASIC has assessed as sufficiently equivalent to the Australian financial services regimes (Sufficient equivalence relief). The relevant class … Read more


HWL Ebsworth advises Chow Tai Fook Enterprises and Far East Consortium on major placement

HWL Ebsworth has advised Hong Kong based companies Chow Tai Fook Enterprises Ltd (CTF) and Far East Consortium International Ltd (FEC) on their $490 million share subscription agreement and strategic alliance agreement with The Star Entertainment Group Limited (The Star). Under the subscription agreement, CTF and FEC each subscribed for 45.8 million shares in The … Read more


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