find the latest legal job
Corporate and Commercial Partner
Category: Corporate and Commercial Law | Location: Adelaide SA 5000
· Full time · Join a leading Adelaide commercial law firm
View details
In-house Legal Counsel & Commercial Lawyers
Category: Corporate and Commercial Law | Location: All Sydney NSW
· Providing lawyers with flexibility and control over when they work, how they work and who they work for.
View details
In-house Legal Counsel & Commercial Lawyers
Category: Corporate and Commercial Law | Location: All Melbourne VIC
· Providing lawyers with flexibility and control over when they work, how they work and who they work for.
View details
Legal Inhouse / Lawyer / Company Secretary
Category: Other | Location: Brisbane QLD 4000
· Fantastic Company · Potential to be Part Time / Flexible Work Pattern
View details
Infrastructure Lawyer/SA
Category: Construction Law | Location: Sydney CBD, Inner West & Eastern Suburbs Sydney NSW
· Global elite law firm · Dedicated Infrastructure team
View details
Law firm helps rescue Anzac biscuit

Law firm helps rescue Anzac biscuit

Law firm Rockwell Bates has advised a group of private investors out to save the Anzac biscuit.

Law firm Rockwell Bates has advised a group of private investors out to rescue the Anzac biscuit.

The firm advised a consortium of private investors in the rescue of the business of Unibic Australia, which is in administration.  The business includes Australia’s iconic Anzac biscuit brand and another 90 product lines. It was acquired by a syndicate of the company’s management and the private investors.

The recapitalisation of the business will allow all staff to be re-employed and for full production to begin immediately to ensure supermarket shelves are stocked well ahead of Anzac Day.

Mills Oakley acted on behalf of Unibic Australia Pty Ltd, Madgwicks acted on behalf of the administrator and Cornwall Stodart acted on behalf of the acquisition vehicle.

Rockwell Bates corporate principal Brett Burns said that as soon as the company was put into administration the lawyers had a very short window to revive it.

"The whole asset sale process had to be consolidated into an eight day period, including the negotiations with a multitude of counterparties," he said.

The Rockwell Bates team, led by Burns and assisted by associate director Prakash Patel and associates Michelle Anglin and Daniel Parncutt, closed the deal late in the evening on 9 March 2012 after final negotiations succeeded.

Unibic is one of Australia’s largest biscuit manufacturers, with a lion share market over the iconic ANZAC biscuit. Its Broadmeadows plant employs 170 staff, whose jobs and futures up until the close of this deal, remained in jeopardy.

Principal Brett Burns commented that “in such uncertain times for manufacturing it is fantastic to be involved in transaction that preserved 170 jobs for the sector and saved an Australian icon”.

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

Law firm helps rescue Anzac biscuit
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Nov 24 2017
Demand lifts in 2017/18 for short-term finance to cover crises
Promoted by NWC Finance. The first five months of the 2017-18 financial year have seen unpreceden...
LCA welcomes religious freedom panel
Nov 24 2017
LCA welcomes religious freedom panel
The Law Council of Australia says the establishment of a panel which will examine the human right to...
Law Society launched a new website, legal politics and lawmaking
Nov 24 2017
Law Society launches project to engage young Aussies
The Law Society of NSW has launched a new website to engage young Australians in legal politics and ...
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 & ...