find the latest legal job
Freelance Project Finance Lawyers
Category: Other | Location: All Australia
· Vario are looking for freelance lawyers with experience in project finance ideally within the renewable energy sector
View details
Vario Freelance Lawyers
Category: Construction Law | Location: All Australia
· We are looking for lawyers who appreciate the endless possibilities that a freelance career can offer.
View details
Freelance Construction Lawyers
Category: Construction Law | Location: All Melbourne VIC
· We are looking for construction lawyers who appreciate the endless possibilities that a freelance career can offer.
View details
Banking Associate - 1-6PQE - Allen & Overy
Category: Banking and Finance Law | Location: United Kingdom
· Banking Associate - 1-6 PQE - Allen & Overy
View details
Academic Dean and Head of School of the TC Beirne School of Law
Category: Other | Location: Brisbane QLD 4000
· An outstanding opportunity · Provide educational, research and organisational leadership
View details
US calls on McCulloughs’ diligence

US calls on McCulloughs’ diligence

MCCULLOUGH ROBERTSON had a week to complete the first phase of due diligence on the Australian subsidiaries of US-based firm Intergraph Corporation for a group of private equity investors in…

MCCULLOUGH ROBERTSON had a week to complete the first phase of due diligence on the Australian subsidiaries of US-based firm Intergraph Corporation for a group of private equity investors in the company.

Hellman & Friedman LLC and Texas Pacific Group finalised their purchase of Intergraph for US$1.3 ($1.7) billion at the end of last month.

Intergraph is a global provider of spatial information management software and has a substantial number of Australian clients, many of them government agencies such as emergency services.

McCulloughs were brought in on the deal by Simpson Thacher, the lead US law firm handling the transaction.

Reece Walker, senior associate in the firm’s corporate advisory group, alerted the purchasers to a number of issues, including the requirements of Australian employment and intellectual property law, Australian securities and government contractual requirements.

“We needed to ensure our clients had an appreciation for the key differences in the Australian legal environment and factor that into the commercial parameters,” he said.

“In employment law, [for instance], there are lot of potential liabilities that do not exist in the US.

“We had to analyse the contracts that exist, and there were some intellectual property issues. [Intergraph] is a software based company, so we had to work through some subtle differences in IP law between the US and Australia.”

He said their clients needed to ensure the change in ownership would occur smoothly, and guarantee the fulfilment of existing client contracts.

Partner and head of the intellectual property group at McCulloughs, Malcolm Bratney, conducted a detailed evaluation of outsourcing arrangements.

“In a matter like this, it is critical to identify any potential issues and bring them to the fore early,” he said. Outsourcing arrangements are often pretty detailed, but there are usually one or two things that can make or break a deal.”

Like this story? Read more:

Book commemorates diamond milestone for WA law society

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

US calls on McCulloughs’ diligence
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Lawyers take to Twitter to share career stories
Jan 22 2018
Lawyers take to Twitter to share career stories
The #mypathtolaw hashtag has been embraced by legal eagles to swap stories with the Twitter communit...
Jan 22 2018
Legal body disappointed with DPP emails leaked to tabloid
The NSW Bar Association has expressed “profound disappointment” over leaked emails from the NSW ...
Gavel, legal book, criminal lawyers
Jan 19 2018
Three criminal lawyers named NSW magistrates
The NSW Attorney-General has announced the appointment of three new local court magistrates. ...
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 & ...