BLAKE Dawson says a recent joint venture cements the firm’s position as a leading adviser to Chinese organisations investing in Australia.
Energy company Arrow Energy’s agreement with PetroChina and Royal Dutch Shell for a joint takeover worth about $3.3 billion has been labelled the largest Chinese joint venture big in Australian corporate history.
Gilbert + Tobin and Blake Dawson acted on the deal. Blakes partner Justin Shmith led a multi disciplinary team combining M&A, resources and Chinese investment experience, with partners Paul Newman and Marie McDonald.
Working on the deal cements Blake Dawson's position as a leading legal adviser to Chinese State Owned Enterprises (SOEs) investing in Australia, the firm now claims.
Blake Dawson acted for PetroChina, the largest oil and gas producer and distributor in China and one of the top two largest companies in the world by market capitalisation.
The firm recently acted on the $1.386 billion acquisition of OZ Minerals assets by China Minmetals as well as the $2.6 billion attempted acquisition of Nufarm by Sinochem.
Justin Shmith said the deals come after more than 10 years of the firm’s investment in China. “This recent spate of significant deals for the leading Chinese companies is reward for and recognition of that."
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