G+T, Chapman Tripp advise on Beach Energy deal
A team from Gilbert + Tobin has advised Beach Energy on its $1.585 billion acquisition of Lattice Energy.
Lattice holds oil and gas assets in Australia and New Zealand, and Beach was advised on the NZ aspects of the deal by lawyers from Chapman Tripp
The deal involved new senior secured syndicated debt facilities and a $301 million underwritten accelerated non-renounceable entitlement offer. There is also a long-term gas sale agreement between Beach and Origin.
“It has been fantastic to help Beach on this landmark and transformational transaction across the firm. Congratulations to all the Beach team on closing such a significant, complex and market shaping deal,” commented co-lead partner Christopher Flynn.
Flynn heads G+T’s energy & resources group and the deal was co-led by partner Peter Cook. Lawyers from the firm’s banking & infrastructure, corporate advisory, and TMT practices were also part of the team.
Josh Blackmore and Mark Reese
of Chapman Tripp advised Beach Energy on New Zealand law matters for the acquisition and debt financing respectively.
The purchase of Lattice from Origin Energy completed on 31st January 2018.
Asia Pacific companies severely unprepared for GDPR
Most companies have yet to formulate a plan for the implementation of the European Union’s new data privacy rules.
GDPR comes into effect on 25th May 2018 but a survey by EY has found that only 33% of respondents globally will have a plan in place in time, with the Asia Pacific region lagging other regions.
While 60% of European companies will be ready for GDPR, that falls to 27% for Africa-Middle East; 13% for the Americas; and just 12% for Asia-Pacific.
A separate report on global data privacy by DLA Piper
also highlights the gaps in businesses’ protection of customers’ data.
"A year after our first Privacy Snapshot report, it is clear that many organisations are still some way from data protection maturity’” commented Patrick Van Eecke, Partner and Global Co-Chair of DLA Piper's Data Protection practice. “This was the case within all sectors responding, and for companies of all sizes. Notably, compliance is in many cases patchy, with some data privacy requirements proving more problematic than others.”
International arbitration specialist publishes Singapore guide
An arbitration partner from the Stephenson Harwood (Singapore) Alliance has published a first-of-its-kind guide to arbitration in the city state.
Timothy Cooke’s 'International Arbitration in Singapore: Legislation and Materials' brings together all the international arbitration legislation in Singapore and related laws and materials.
"The continual refinement of arbitration legislation as explored in this new title has been an important contributing factor in Singapore’s rise to prominence as a leading seat of arbitration," said Cooke.
The book includes analytical commentary on the rules of the IAA.