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
Senior Government Lawyer
Category: Other | Location: Canberra ACT 2600
· FINANCE LEGAL AND GOVERNANCE GROUP | CANBERRA, ACT · EXECUTIVE LEVEL 1 (ONGOING)
View details
Allens/Corrs act on proposed acquisition of Felix

Allens/Corrs act on proposed acquisition of Felix

Deal summary: Allens Arthur Robinson is acting for Felix Resources (Felix), the Queensland-based coal producer, in regards to its proposed acquisition by leadin

Deal summary:

Allens Arthur Robinson is acting for Felix Resources (Felix), the Queensland-based coal producer, in regards to its proposed acquisition by leading Chinese resource company Yanzhou Coal Mining Company Limited (Yanzhou). Subject to regulatory approvals, the transaction, valued at around $3.5 billion, is expected to be completed by the end of the year.

Key Players:

Allens Brisbane-based Corporate Partner Andrew Knox (pictured) is advising Felix on the transaction.

Corrs Chambers Westgarth are the advisors to Yanzhou Coal Mining Company.

Commentary:

According to Knox, the transaction between Felix and Yanzhou reflects a growing trend of overseas organisations seeking to invest in Australia.

"Queensland can expect to see more inbound investment in the resources area in particular,' he said.

"We have had a significant amount of interest from inbound investors as to potential opportunities. A few years ago we were working with Australian clients investing into China and elsewhere across Asia. While that continues, it is fair to say that the legal work has shifted from outbound to inbound investment.

"Yanzhou has highlighted that they intend to increase investment in existing mines and undertake further exploration projects. You are seeing a significant amount of economic inter-connection between Queensland, Australia and Asia and that is set to accelerate."


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

Allens/Corrs act on proposed acquisition of Felix
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Scales of Justice, Victorian County Court, retiring judges
Aug 21 2017
Replacements named for retired Vic judges
Two new judicial officers have been appointed in the Victorian County Court, following the retire...
Applauds
Aug 21 2017
LCA applauds proposed Modern Slavery Act
The Law Council of Australia has welcomed new recommendations for the development of a Modern Slaver...
Mentoring
Aug 21 2017
Top-tier offers targeted mentoring for Indigenous law students
Students at Macquarie University will be the first to benefit from a new Indigenous mentoring progra...
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 & ...