Takeovers in Australia: What the International In-House Lawyer Might Want To Know
Steven Stern, University General Counsel and Secretary, Adjunct Professor, Victoria Law School, Victoria University, Australia
This paper addresses why the issue of takeovers’ regulation in Australia should be of interest to the in-house lawyer internationally, and what are some key features which the international in-house lawyer should be aware. The potential impact of this issue extends well beyond those in-house lawyers who are takeover specialists. In-house lawyers should not assume that prudently they might leave transactional work in respect of a major takeover in Australia to the “big end of town” in specialist law firms and investment advisers. With Australian company takeovers and analogous transactions, legal requirements exist of a unique nature which should be of interest to the in-house lawyer, who might not prudently abdicate their attention to such matters to takeover specialists.
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