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
Citi joint venture with Morgan Stanley

Citi joint venture with Morgan Stanley

Mallesons Stephen Jaques and Freehills have on the advised $US2.7 billion ($3.4 billion) Citi-Morgan Stanley global joint venture with, which was completed on 1 June. The joint venture merged…

Mallesons Stephen Jaques and Freehills have on the advised $US2.7 billion ($3.4 billion) Citi-Morgan Stanley global joint venture with, which was completed on 1 June.

The joint venture merged the two companies' retail broking businesses in the US, Europe and Australasia to form Morgan Stanley Smith Barney.

According to Mallesons partner Joshua Cole, who acted for Citi, these types of deals, involving the co-ordination of legal teams across a number of jurisdictions, are becoming more common in the current environment.

"The GFC has given rise to a number of global transactions which require the crafting of some complex arrangements in very tight timeframes and this one was no exception," Cole said.

Freehills partner Fiona Gardiner-Hill concurred: "The unusual and complex nature of many aspects of the transaction, and the comparative speed with which the deal was implemented, made the work both interesting and challenging."

The joint venture operation in Australia means that the former business of Citi Smith Barney Pty Ltd will now operate under the name Morgan Stanley Smith Barney Australia Pty Ltd.

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

Citi joint venture with Morgan Stanley
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
microphone
Oct 20 2017
Podcast: One of law’s most infamous alumni – in conversation with Julian Morrow
In this episode of The Lawyers Weekly Show, Melissa Coade is joined by The Chaser’s Julian Morrow....
protest
Oct 20 2017
High Court overturns ‘excessive’ anti-protest legislation
Bob Brown’s recent victory in the High Court over the Tasmanian government was a win for fundament...
Blocked
Oct 20 2017
Changes to Australian citizenship laws blocked
Attempts to beef up the requirements to obtain Australian citizenship were thwarted this week, after...
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 & ...