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
Minter Ellison and Clifford Chance act on billion dollar deal

Minter Ellison and Clifford Chance act on billion dollar deal

Minter Ellison has acted with lawyers from Clifford Chance and India on a US$1.26 billion mine, rail and port acquisition.India's leading infrastructure developer, GVK Power &…

Minter Ellison has acted with lawyers from Clifford Chance and India on a US$1.26 billion mine, rail and port acquisition.

India's leading infrastructure developer, GVK Power & Infrastructure, announced yesterday (19 September) it had acquired a major stake in three Australian coal mines and a rail and port project owned by Hancock Group.

Minters acted as Australian legal advisors to GVK with Sydney based energy and resource partners Sam MacGibbon and Paul Wentworth leading the firm's team, with Brisbane partner Allison Warburton.

Clifford Chance partners Ian Cochrane and Jon Carson led the team advising Hancock group, while Amarchand & Mangaldas & Suresh A. Shroff & Co. acted as Indian legal counsel for GVK.

The transaction, which is structured as a share acquisition, sees GVK acquire 79 per cent of Hancock's Alpha and Alpha West coal projects and 100 per cent of it's Kevin's Corner coal project.

GVK will pay $US 500 million ($488.2 million) initially, $US 200 million ($195.3 million) after one year, and the remainder on financial close of the project, which is expected in 2012.

The total investment in the first phase of the project is estimated at approximately $10 billion. This includes capital expenditure on the mines, rail line and port, but GVK's investment will also involve billions of dollars of additional funding required to develop the projects.

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

Minter Ellison and Clifford Chance act on billion dollar deal
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 & ...