DLA Phillips Fox is "quick to provide knowledgeable advices", says one client. After the merging of DLA Piper and DLA Phillips Fox in Australia in March 2011, the New Zealnd branch has gone it alone and still opeartes under its old moniker....
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DLA Phillips Fox is "quick to provide knowledgeable advices", says one client. After the merging of DLA Piper and DLA Phillips Fox in Australia in March 2011, the New Zealnd branch has gone it alone and still opeartes under its old moniker. With a client list that includes JPMorgan, Bank of America Merrill Lynch and Commonwealth Bank of Australia (CBA) the team has had another busy year.
Terence Ng's arrival will "add more property finance expertise" which will strengthen the firm's ability to undertake property finance transactions.
The past year saw the team advising Foodstuffs Auckland Group in securing a grant by Australia and New Zealand Banking Group, National Bank, Bank of New Zealand, Westpac and CBA in a NZ$300 million ($244.8 million) syndicated multi option facility to Foodstuffs Auckland.
The team was also able to secure a NZ$100 million working capital facility to Foodstuffs Finance (Auckland) Limited from CBA.
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Last year DLA Phillips Fox advised Kuehne + Nagel in its acquisition of a 75% interest in Cooltainer Holdings, a New Zealand based freight operator specialising in refrigerated shipping containers with operating subsidiaries in both New Zealand and Australia.The group's parent company is listed on the Swiss Exchange....
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Last year DLA Phillips Fox advised Kuehne + Nagel in its acquisition of a 75% interest in Cooltainer Holdings, a New Zealand based freight operator specialising in refrigerated shipping containers with operating subsidiaries in both New Zealand and Australia.
The group's parent company is listed on the Swiss Exchange. Management retained a 25% stake and the team had to draft and negotiate the ongoing shareholders' agreement which included complex arrangements covering the ultimate exit of the management shareholders.
The transaction was further complicated by the intervention of the Christchurch earthquake shortly prior to the intended date for exchange, as Cooltainer's head office is based in the city.
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The DLA Phillips Fox insolvency team has been significantly strengthened in the last year by the appointment of Reuben Woods as a partner. Also, well known partner Martin Wiseman is back to handling insolvency and restructuring matters....
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The DLA Phillips Fox insolvency team has been significantly strengthened in the last year by the appointment of Reuben Woods as a partner. Also, well known partner Martin Wiseman is back to handling insolvency and restructuring matters.
The firm continues to advise the receivers of Dominion Finance Group on all aspects of its receivership, including advising on their appointment, questions of priority with other secured creditors in relation to the loan book, loan work-outs and recoveries, and assessing potential actions against the directors and other parties. The Dominion Finance Group has a loan book of approximately $290 million. As one of the larger finance company failures in recent times in New Zealand, the receivership has given rise to numerous complicated disputes.
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