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
Supply Chain Consulting buys into Asia

Supply Chain Consulting buys into Asia

Holding Redlich acted for Supply Chain Consulting on its expansion into Asia through the acquisition of the Magnus Consulting group of companies, which operates in Thailand, the Philippines,…

Holding Redlich acted for Supply Chain Consulting on its expansion into Asia through the acquisition of the Magnus Consulting group of companies, which operates in Thailand, the Philippines, Malaysia and Indonesia.

IT consultants, Supply Chain Consulting and Magnus specialise in design and implementation of SAP systems, with particular skill in the manufacturing, retail and consumer products industries.

Dan Pearce, a corporate partner with a focus on IT at Holding Redlich, said the deal involved an equity injection, debt funding, a share buyback and a shareholder reorganisation on top of the takeover. “Adding further to the complexity was the fact that the acquired businesses were spread across four countries, each with its unique legal requirements,” he said.

“That has the capacity to delay things and you need to be proactive in dealing with the local lawyers in those jurisdictions.” Coordinating the internal restructurings at Supply Chain added to the challenge. “It was an interesting combination of activities that the client was undertaking all around the same time.”

He said the implications of the different taxation regimes had to be considered, in particular Thailand’s scheme to encourage head offices to the country, and Indonesia’s process for incorporating companies was “far more complex and formal than in Australia”. The lawyers had to allow “a reasonable amount of time” in Indonesia for that process, which in Australia tends to happen fairly quickly.

Other elements were the requirement for resident directors in the Philippines and foreign investment requirements in Malaysia. “All were able to be worked through, but they are examples of the peculiarities of the requirements in those territories.”

Pearce said Supply Chain Consulting was a fast growing company that had had to look to the north for opportunities outside the Australian IT market. “From what my client tells me, there is an amazingly rich set of opportunities up there. Businesses are looking for ways to increase productivity and certainly Supply Chain is excited about the opportunities up there.

“From the point of view of growing an Australian company, this is an exciting acquisition to have made.”

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

Supply Chain Consulting buys into Asia
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...
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 & ...