Month: November 2016

ACCC’s bite leaves a bitter taste for traders of fruit and vegetables

Growers and traders of fruit and vegetables beware! The ACCC has, surprisingly for some, made enforcement of the Horticulture Code of Conduct (‘Code’) a priority for 2016 and beyond and has recently caught its first victim. So what do you need to know? The Code The Code regulates trade between growers and traders of fruit… Read more

Listed SA Companies Breakfast 2016

The inaugural Listed SA Companies Breakfast welcomed approximately 650 guests this morning at the Adelaide Convention Centre. After a brief address from our MC and Kain Lawyers Managing Director John Kain, the event was opened by Keynote Speaker the Hon Jay Weatherill, Premier of South Australia. Presentations from each of the four participating ASX Listed… Read more

Kain Lawyers assists ICAM’s acquisition of Westpac House

Kain Lawyers has advised boutique property fund manager Inheritance Capital Asset Management on its acquisition of a half-stake in Adelaide’s Westpac House from Abacus for $88.5 million and associated fund raising. Westpac House, one of only two premium buildings in the Adelaide CBD, comprises a 31-level office tower with 29,600 square metres of net lettable area. Director, Michael Garry, who led the Kain Lawyers team… Read more

Unacceptable frustration? The difficulties in defending a hostile takeover under the Takeovers Panel’s frustrating action policy

For the board of an ASX-listed company, receiving a hostile takeover bid for the company is a game-changer. Once a takeover bid is received or announced the target company enters the restrictive world of the Takeovers Panel’s ‘Frustrating Action’ policy and the board’s freedom to pursue strategic transactions is curtailed. What is a frustrating action?… Read more