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
Corporate Lawyer (3-5 years PQE)
Category: Corporate and Commercial Law | Location: Sydney CBD, Inner West & Eastern Suburbs Sydney NSW
· National firm acting for domestic and multinational clients
View details
Lawyer – CTP Insurance (2-3 years)
Category: Insurance and Superannuation Law | Location: Sydney CBD, Inner West & Eastern Suburbs Sydney NSW
· Well-regarded team offering mentoring and career development
View details
Truman assists LookSmart

Truman assists LookSmart

Sydney corporate and communications law firm Truman Hoyle has helped LookSmart in the re-organisation and sale of its Asia Pacific intellectual property assets after the company lost the key…

Sydney corporate and communications law firm Truman Hoyle has helped LookSmart in the re-organisation and sale of its Asia Pacific intellectual property assets after the company lost the key Microsoft distribution agreement.

Shane Barber, lead partner in the deal, said the firm acted for LookSmart companies in the US, Australia and Japan — LookSmart Ltd, its wholly owned Australian subsidiary LookSmart International Pty Ltd and LookSmart Japan K.K.

LookSmart’s assets in Australia were sold to Telstra’s online unit, Sensis, which announced the sale on 21 January. It owns the White Pages Online and Yellow Pages Online, as well as the Citysearch and Whereis sites.

Barber said they had to coordinate the assignment of a “large number of intellectual property rights” around the world, “to ensure the preservation of LookSmart’s core business, while allowing use by acquirers of the relevant LookSmart interests.”

Truman Hoyle is also acting for LookSmart Japan on its proposed sale, which is due for completion at the end of March.

When announcing the sale, Sensis’ CEO, Andrew Day, said the “development of search marketing products” was a natural step in their “online evolution”.

He said the acquisition would help them “provide a deeper value proposition to our online customers and end-users by providing different, more effective ways to leverage this content,” he said. Access to the expertise of LookSmart employees in search technology development would also prove valuable assets.

As well as Barber, the Truman Hoyle team involved senior lawyer, Nick Finlayson and lawyer, Bridget Edghill. Mallesons Stephen Jaques, Melbourne acted for Telstra and Sensis.

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

Truman assists LookSmart
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Warning
Aug 23 2017
NT Law Society sounds alarm on mandatory sentencing
The Law Society Northern Territory has issued a warning over mandatory sentencing, saying it hasn’...
Unite
Aug 22 2017
Professionals unite in support of marriage equality
The presidents of representative bodies for solicitors, barristers and doctors in NSW have come toge...
Aug 21 2017
Is your firm on the right track for gig economy gains?
Promoted by Crowd & Co. The way we do business, where we work, how we engage with workers, ev...
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 & ...