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HWL Ebsworth acts for Coles Group on exclusive agreement with Ocado Group plc to bring its online grocery and automated home delivery solution to Australia

HWL Ebsworth has advised Coles Group Limited on an exclusive services agreement with Ocado Group plc to bring its leading online grocery platform, automated single pick fulfilment technology and home delivery solution to Australia before the end of the 2023 financial year. Under the agreement, Ocado will partner with Coles in Australia to launch an … Read more

HWL Ebsworth acts for Viridian Financial Services Group on its acquisition of part of Westpac’s personal advice business, BT Financial Advice

HWL Ebsworth recently acted for Viridian Financial Services Group (Viridian) in entering into a sale agreement to acquire part of Westpac Banking Group’s personal advice business, BT Financial Advice. The deal represents a significant expansion of Viridian’s financial planning business, with offers made to around 175 BT Financial Advice salaried advisers and other management and … Read more

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

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A bank can be in contempt of court for breaching the terms of a freezing order

Following our last article on whether banks owe a duty of care to third parties who serve a freezing order, we thought a follow up article on whether a bank can be in contempt of court for permitting a breach of a freezing order would be of interest. When served with a freezing order made … Read more

Super Alert – 17 May 2019

This week’s Super Alert covers an audit form update from APRA, ATO legal database updates and the release of ASIC’s IDR report. APRA updates to audit report form On 14 May 2019, APRA released an updated “Superannuation Approved Audit Report Form” for funds with reporting periods ending on or after 30 June 2019. According to APRA, the … Read more

Historical IP protection repealed: Uncertainty for (some) commercial IP arrangements

On 18 February 2019, the Australian Government passed the Treasury Laws Amendment (2018 Measures No. 5) Bill 2018 (Bill) which effectively removed a longstanding IP exemption in Australia competition law that acted to exempt certain IP provisions from competition laws. What is the IP exemption? The IP exemption is housed in section 51(3) of the … Read more

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