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
Legal Counsel
Category: Corporate and Commercial Law | Location: North Sydney NSW 2060
· 18 month fixed term contract · 3-5 years PQE with TMT exposure
View details
Mallesons, Clayton Utz, advise on steel deal

Mallesons, Clayton Utz, advise on steel deal

King & Wood Mallesons and Clayton Utz have advised on steelmaker BlueScope Steel's US$1.36bn joint venture agreement with Japan’s Nippon Steel.

King & Wood Mallesons has acted for steelmaker BlueScope Steel on its US$1.36bn joint venture agreement with Japan’s Nippon Steel.

Clayton Utz advised Nippon Steel on the deal.

Under the new 50:50 joint venture, which will be known as NS BlueScope Coated Products, Nippon will acquire a 50 per cent interest in BlueScope’s ASEAN and North American building products businesses. Completion of the acquisition will follow a pre-sale corporate restructure and regulatory approvals. The strategic partnership will provide a strong platform for expansion and growth in the building and construction sector in ASEAN and North America, will facilitate entry into new markets which BlueScope is not currently in a position to access as well as emerging markets in ASEAN.

Nippon is soon to be the world’s second largest steelmaker following the completion of its merger with Sumitomo Metals. They will bring access to new technology and a strong customer base in new product areas, including an established customer base of Japanese companies operating in South East Asia which will create new market opportunities for NS BlueScope Coated Products in one of the fastest growing markets in the world.

The King & Wood Mallesons team was led by partner Diana Nicholson, who was supported by fellow partners Simon Milne and Brad Galvin and senior associates Tim Downing and Luke McCarthy.

Mallesons partners Cheng Lim and Martyn Huckerby also provided specialist expertise in the areas of IP and Competition.

Clayton Utz partner and national Corporate practice head Graham Taylor led the firm's team that advised Nippon Steel on the deal. Other members of the core Clayton Utz team were senior associates Joel von Thien, Samy Mansour and lawyer Jess Salinger.

Clayton Utz partner Linda Evans and senior associate Sian-lee Ooi provided advice in relation to the competition aspects of the transaction, with partner Jim FitzSimons and senior associate Peter Callaghan assisting with matters relating to intellectual property.  Clayton Utz was supported by firms in South-East Asia and the United States.  

Taylor said Clayton Utz was pleased to have supported Nippon Steel in a strategically significant deal that will provide it with exposure to key markets where there is strong demand for building products, particularly in South-East Asia.



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

Mallesons, Clayton Utz, advise on steel deal
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
LCA president Fiona McLeod SC
Aug 17 2017
Where social fault lines meet the justice gap in Aus
After just returning from a tour of the Northern Territory, LCA president Fiona McLeod SC speaks wit...
Marriage equality flag
Aug 17 2017
ALHR backs High Court challenge to marriage equality postal vote
Australian Lawyers for Human Rights (ALHR) has voiced its support for a constitutional challenge to ...
Give advice
Aug 17 2017
A-G issues advice on judiciary’s public presence
Commonwealth Attorney-General George Brandis QC has offered his advice on the public presence of jud...
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 & ...