find the latest legal job
Corporate Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Highly-respected, innovative and entrepreneurial Not-for-Profit · Competency based Board
View details
Chief Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Dynamic, high growth organisation · ASX listed market leader
View details
In-house Projects Lawyer | Renewables / Solar | 2-5 Years PQE
Category: Generalists - In House | Location: All Australia
· Help design the future · NASDAQ Listed
View details
Insurance Lawyer (3-5 PAE)
Category: Insurance and Superannuation Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Dynamic organisation ·
View details
Senior Government Lawyer
Category: Other | Location: Canberra ACT 2600
View details
Allens, Mallesons, act on $30m Experian joint venture

Allens, Mallesons, act on $30m Experian joint venture

Allens and Mallesons work on opposite sides as Experian announces a $30 million joint venture into the Australian market.

A wave of new rules following the global financial crisis "plays right into our hands", according to the chief executive of credit services group Experian as the company announces a $30 million joint venture into the Australian market. 

The FTSE 100 company unveiled a 13 per cent rise in annual pre-tax profits this week. It is best known for carrying our consumer credit checks for banks and retailers. The owner of 16 credit bureaus around the world, Experian maintains information on more than 500 million consumers and uses that information to assist companies with risk evaluation.

Now the longstanding client of law firm Allens Arthur Robinson is establishing a new credit provider service in Australia.  

The new $30 million joint venture introduces a new player into the market, Experian Australia Credit Services Pty Ltd.

Mallesons Stephen Jaques acted for the banks. 

The joint venture with six major banks, including Citibank and GE Capital, will be majority-owned by Experian. It will provide consumer and business credit information to credit providers in Australia, but will need to gain regulatory approval in order to do so.

Allens Arthur Robinson partner Niranjan Arasaratnam led the Allens team, which advised Experian on shareholder arrangements, data supply agreements, competition issues, privacy regulation and ancillary agreements.

"The joint venture will increase competition in the marketplace and improve transparency for businesses and consumers,"Arasaratnam said.

"We were pleased to assist Experian, whose global experience with credit bureaus will benefit Australia's financial services industry.

'Allens has previously worked with Experian in Asia and we look forward to assisting them in the future.'

Assisting Arasaratnam, who is based in Melbourne, is David Brewster (partner, Melbourne), Victoria Wark (senior associate, Melbourne), Larissa Macpherson (senior associate, Melbourne), Alexander Gelis (senior associate, Melbourne) and Margaret Walsh (lawyer, Melbourne).

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

Allens, Mallesons, act on $30m Experian joint venture
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Scales of Justice, Victorian County Court, retiring judges
Aug 21 2017
Replacements named for retired Vic judges
Two new judicial officers have been appointed in the Victorian County Court, following the retire...
Aug 21 2017
LCA applauds proposed Modern Slavery Act
The Law Council of Australia has welcomed new recommendations for the development of a Modern Slaver...
Aug 21 2017
Top-tier offers targeted mentoring for Indigenous law students
Students at Macquarie University will be the first to benefit from a new Indigenous mentoring progra...
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'...
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...
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 & ...