find the latest legal job
Senior Associate - Litigation & Dispute Resolution
Category: Litigation and Dispute Resolution | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Come work for a firm ranked in Lawyers Weekly Top 25 Attraction Firms
View details
Associate - Workplace Relations & Safety
Category: Industrial Relations and Employment Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Employer of choice · Strong team culture
View details
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
DLA acts on major investment into Aus

DLA acts on major investment into Aus

DLA Piper has advised on a $US1.5 billion investment into Australia by Taiwan’s largest private company.

Firms: DLA Piper (Fortescue Metals Group); ClarkeKann Lawyers (Formosa Plastics Group)

Deal: A $US1.5 billion investment by Formosa to acquire a 31 per cent interest in the Fortescue Metals Group (FMG) Iron Bridge Joint Venture, which was established to develop the FMG Iron Bridge Project

 Area: Corporate/M&A

Value: $US1.5 billion

Key players: DLA Piper's team included partners Jim Holding (pictured) and Stephen Webb, senior associates Lyndon Masters and Kate Papailiou, and solicitor Emily Dux

Deal significance: The FMG Iron Bridge Project encompasses the world-class North Star and Glacier Valley iron ore deposits, located 100km south of Port Headland in Western Australia. The Project is underpinned by a combined iron ore resource of 5.2 billion tonnes.

Under the arrangements, Formosa will fund construction of stage one of the project, which will commence on completion of the transaction. The company will also participate in stage two and will agree to purchase up to three million tonnes per annum of iron ore at market prices to supply its integrated steel mill at Ha Tinh in Vietnam, when commissioned. 

DLA Piper partner Jim Holding commented: "We were proud to assist FMG with this significant transaction, which clearly signals that the Australian resources market is still appealing to Asian investors."

Listed in the S&P/ASX30 share index, FMG is the world's fourth largest iron ore producer. Formosa is Taiwan's largest private company.

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

DLA acts on major investment into Aus
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Lawyers slam rushed consultation for SA repeat offenders bill
The Law Society of South Australia has expressed concern for a proposal to roll out new laws amendin...
The pursuit of happiness in the law
A panel of legal experts have explored how to define success in the legal profession, and how lawyer...
Queensland University of Technology, ruby milestone
Queensland law school reaches ruby milestone
Celebrating 40 years since establishing a law course in 1977, the Queensland University of Technolog...
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 & ...