Transactions & Matters

Greenwoods & Herbert Smith Freehills regularly advises on innovative and high-profile transactions and disputes

 

Greenwoods & Herbert Smith Freehills has a long history of working on many of Australia's most noteworthy business transactions, corporate restructures and tax disputes.

We regularly advise on many of Australia's most significant transactions including initial public offerings, large-scale infrastructure and real estate development projects, private equity investments, capital management programs, capital-raisings and financial products.

Notably:

  • In 2009/10, we were the primary tax advisers to BHP Billiton on its proposed joint venture with Rio Tinto to combine their iron ore operations in Western Australia. Had it been approved, this transaction would remain the biggest ever deal involving an Australian company (by dollar value).

  • From 2009 until 2012, we advised the Commonwealth Bank of Australia in its dispute with the Australian Taxation Office over the application of Part IVA (s.177EA) to its 2009 issue of PERLS V non-innovative residual Tier 1 capital. This culminated in a successful appeal to the Australian High Court in Mills v Commissioner of Taxation [2012] HCA 51.

  • We have advised on high-profile corporate restructures involving demergers: the Westfield Group 2014 restructure to form Westfield Corporation and Scentre GroupMacquarie Group's 2014 distribution its interest in Sydney Airports to its shareholders and BHP Billiton's creation of South32 by way of demerger of certain of its assets in 2015.

  • In 2015, we advised Novion Property Group on its A$22b merger with Federation Centres.