Transactions & Matters

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

Most notably:

  • In 2014 we advised on two of the most notable corporate restructures involving demergers:  the Westfield Group restructure to form Westfield Corporation and Scentre Group and the 2014 demerger by Macquarie Group of its interest in Sydney Airports. 
  • From 2009 until 2012, we advised the Commonwealth Bank of Australia on its dispute with the Australian Taxation Office over the application of Part IVA (s.177EA) to its 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.
  • In 2009/10, we were the primary tax advisors to BHP Billiton on its proposed joint venture with Rio Tinto to combine their iron ore operations in Western Australia. Had it been approved, by dollar value, this transaction would remain the biggest ever deal involving an Australian company.

We regularly advise on initial public offerings, large-scale infrastructure and real estate development projects, private equity investments, capital management issues, financial products and financing amongst many other kinds of transaction.