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HWLE gets to the nub of things in bolt-on acquisition

HWL Ebsworth has advised Coventry Group Ltd (ASX:CYG) on its $36 million 100% acquisition of Nubco. Founded in 1982, Nubco is the largest independent Tasmanian hardware and industrial supplier in the industrial segment with seven locations across the State. The acquisition was in part funded via a successful $27.6 million pro-rata accelerated non-renounceable entitlement offer, on … Read more


HWL Ebsworth acts for Coles Express on a new alliance partnership to position Coles as Australia’s leading convenience retailer

HWL Ebsworth has advised Coles Express on agreements to restructure the terms of its fuel and convenience alliance with Viva Energy Limited (Viva). Coles Express is one of Australia’s largest fuel and convenience retailers, with approximately 685 sites across Australia, employing more than 5,000 team members. The parties agreed to extend the alliance until 2029. … Read more


HWL Ebsworth acts for McWilliams Wines Group on recapitalisation transaction with Margaret River Wine Production and Laguna Bay

HWL Ebsworth has advised McWilliam’s Wines Group on its recapitalisation transaction with Margaret River Wine Production (MRWP) and agricultural fund manager, Laguna Bay. The recapitalisation transaction involved debt and equity investments by Laguna Bay into MRWP and the issue by McWilliams of convertible notes to MRWP. The funds will be used by McWilliams primarily for … Read more


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Publications

Timber Creek – High Court delivers first native title compensation ruling

Introduction In what is said to be one of the most important rulings regarding native title since Mabo -v- Queensland (No 2) and Wik -v- State of Queensland, the High Court delivered its long awaited Timber Creek decision on 13 March 2019. This is the first time that the High Court has considered the calculation of … Read more


Super Alert – 15 March 2019

This week’s Super Alert covers two recent cases, further superannuation Bills which have received Royal Assent and various updates from ASIC, APRA and the ATO. TPD case decision On 1 March 2019, the New South Wales Supreme Court handed down its decision in Burke v MetLife Insurance Limited [2019] NSWSC 177. The plaintiff, a former … Read more


Federal Parliamentary inquiry recommends stronger legal protections for car dealers

The Parliamentary Joint Committee on Corporations and Financial Services (the Committee) has today released its report following its inquiry into franchising, which recommends major regulatory changes to better protect franchisees and in particular car dealers from certain conduct by motor vehicle distributors. Such conduct is said to arise from the unequal bargaining power of distributors … Read more


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