find the latest legal job
Freelance Lawyers
Category: Banking and Finance Law | Location: All Perth WA
· Freelance opportunities through Vario from Pinsent Masons
View details
Freelance Lawyers
Category: Other | Location: All Adelaide SA
· • Qualified lawyer with a strong academic background
View details
Freelance Lawyers
Category: Other | Location: All Melbourne VIC
· • Qualified lawyer with a strong academic background
View details
Insurance Lawyer (1 PAE)
Category: Insurance and Superannuation Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Great Career Opportunity ·
View details
Insurance and Health Lawyer (1-4 PAE)
Category: Insurance and Superannuation Law | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· New position to support Growth ·
View details
Minters acts on speedy Ford sale

Minters acts on speedy Ford sale

Minter Ellison has worked on the fast-moving Ford Credit Australia deal, which was started and finished in the space of a couple of months.

MINTER Ellison has worked on the fast-moving Ford Credit Australia deal, which was started a finished in the space of a couple of months. 


Melbourne partner David Inglis picked up the $1 billion deal of the sale of Ford Credit Australia's retail portfolio by way of a contact, he told The New Lawyer.


Ford Credit Australia, the AUstralian lending arm of the US auto giant Ford Motor Credit Company, sold its retail portfolio to Macquarie Bank. 


The portfolio comprised about A$1 billion worth of car loans and leases for about 60,000 cars. Management of the company will be progressively transferred to Macquarie and will be completed by January 2010. 


In a speed appropriate for one of the world's leading auto giants, the sale "was an intensive negotiation over a short period of time", said Inglis. "We dealt with this really within a period of a couple of months."


Inglis said his firm is seeing increased activity coming out of the US and other parts of the world. 


"That's not limited to the finance area, there are other areas with a bit of  increased activity in dealing with assets of companies on the acquisition or the disposal side," he said. 


Minters was acting for Ford Credit Australia, but also received instructions out of the head office for Ford Motor Credit Company in the US, he said. 


This is not the first time the first has acted for Ford, but the deal came out of a contact Inglis had, he said. 


Deacons acted for Macquarie Bank.

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Minters acts on speedy Ford sale
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Quentin Bryce
06:05
DV has worsened in a generation: Quentin Bryce
Former governor-general of Australia Dame Quentin Bryce AD CVO has spoken of her deep distress about...
Lawyers
06:00
Academics entertain the idea of law without lawyers
Researchers from Queensland will explore some of the most disruptive trends tipped to transform the ...
Please, Continue (Hamlet), Melbourne Festival
Oct 16 2017
Hamlet suffers slings and arrows of top Victorian barristers
Victorian judges and barristers have performed the unique play Please, Continue (Hamlet) at the Melb...
APPOINTMENTS
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
opinion
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
Help
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...