Law firm Maddocks has advised motor vehicle brand Chrysler as it replaces Dodge as the distributor of the Fiat range of cars.
Chrysler Australia has been announced as the new distributor of the Italian brand, which will encompass vehicles that would otherwise have been sold in Australia as Dodge models.
Maddocks advised Chrysler on the new distribution arrangements for Alfa Romeo and Fiat brand vehicles, parts and accessories in Australia and New Zealand.
Under the new agreement the current Fiat and Alfa Romeo dealer group, which includes 17 passenger dealerships with 22 commercial vehicle outlets nationally, will report into the Melbourne-based Chrysler Australia group.
The transaction, which was finalised on 1 May, included due diligence, and all aspects of negotiation and settlement of numerous agreements including termination, settlement, sale, dealer and support and services agreements.
The Maddocks team, led by Peter Shaw and Jeff Goss, worked with Regional General Counsel, Jun Cho and Australian General Counsel, Peter Lidstrom to manage the complexities of the transaction.
According to Shaw, the firm’s ability to work seamlessly with Chrysler’s tax and accounting advisers KPMG on this transaction, contributed significantly to meeting the deadlines.