find the latest legal job
Part Time Risk & Compliance Officer
Category: Other | Location: Brisbane QLD 4000
· Brisbane City · Flexible Part Time Hours
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
Property Lawyer
Category: Property Law | Location: All Melbourne VIC
· 12 Month Contract · Diverse Work
View details
Family Lawyer
Category: Family Law | Location: Eastern Suburbs Melbourne VIC
· Boutique Firm · Great Reputation
View details
Infrastructure Lawyers
Category: Construction Law | Location: All Perth WA
· We'd be particularly interested to hear from you if you were a lawyer who knows your way around the infrastructure and energy sectors.
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:

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

US calls on McCulloughs’ diligence
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Nov 17 2017
It's time for politicians to commit to eradicating domestic violence
The national shame of domestic violence cannot be left unaddressed, writes Christine Smyth. ...
Nov 16 2017
From lawyer in law firm to senior governance professional
Promoted by Governance Institute of Australia As a law graduate, Kate Griffiths never imagined...
marriage equality
Nov 16 2017
Legislation the next hurdle for marriage equality
Lawyers have underscored the importance of ensuring same-sex marriage legislation does not limit ant...
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 & ...