The new Common Reporting Standard (CRS) regime will apply to most Australian managed investment schemes from 1 July 2017. Additional procedures for collecting information from new investors will need to be introduced from this date and additional work will be required in respect of existing investors.
Many funds have implemented new processes for collecting information from investors to accommodate reporting and registration obligations under the FATCA1 regime.
The importance of performing a complete and accurate due diligence investigation in a business transaction that involves intellectual property (“IP”) cannot be understated. Recently Nortel put its patent portfolio on the auction block, selling more than 6,000 patents covering every corner of the mobile computing and telecommunications landscape for $4.5 billion. Of the 105 companies Nortel approached leading up to the auction, 40 conducted due diligence on the patents. More…
Tark Grunte Sutkiene was a legal advisor for Pontos in acquisition of 100% shares of Mulga, UAB, a local company holding the assets of the shopping mall Babilonas I in Panevėžys, Lithuania.
Tark Grunte Sutkiene performed the due diligence, drafted SPA and credit documents, counselled on the transaction structuring and all other legal matters related to the deal.