Tag Archives: Australia

BIS Amends Export Administration Regulations with Respect to Russia and Belarus

On Tuesday, April 12, 2022, the US Department of Commerce, Bureau of Industry and Security (BIS) published in the Federal Register a Final Rule amending the Export Administration Regulations (EAR) (15 CFR parts 730-774) to add four additional countries to the list of countries excluded from certain license requirements (Supp. No. 3 to part 746) … Continue Reading

UK, German and Australian Antitrust Agencies Issue Joint Statement for More Rigorous Merger Control Enforcement

On 20 April 2021, the UK’s Competition and Markets Authority (CMA), the German Bundeskartellamt (BKartA) and the Australian Competition and Consumer Commission (ACCC) issued a joint statement¹ and held a joint online event pushing for more rigorous merger control enforcement. Our global competition team in these jurisdictions unpacks the joint statement and provides the following … Continue Reading

CFIUS Clearance: China Grand Pharmaceutical and Healthcare Holdings Limited/CDH Genetech, Ltd. and Sirtex Medical Limited

Status:  Clearance Acquirer:  China Grand Pharmaceutical and Healthcare Holdings Limited (Bermuda; Hong Kong SAR, China; China); CDH Genetech, Ltd. (Cayman Islands; China) Acquired:  Sirtex  Medical Limited (Australia) Value:  Approximately A$1.9 Billion (US$1.4 Billion) Industry(ies):  Healthcare; Biotechnology; Medical Devices… Continue Reading

CFIUS Filing Clearance: Boral Limited and Headwaters Incorporated

Status:  Clearance   Acquirer:  Boral Limited (Australia) Acquired:  Headwaters Incorporated (US) Value:  US$2.6 billion Industry:  Construction Materials   UPDATE:  In relation to the November 20, 2016 Agreement and Plan of Merger between Headwaters, Inc., and Boral Limited, an Australian corporation, Headwaters disclosed in its recent quarterly regulatory filing that “the parties satisfied the CFIUS closing … Continue Reading

Russia Renews Embargo on Food Imports

Russia has renewed its embargo on food imports from several of the countries that have imposed sanctions on Russia, until 31 December 2017. The countries include Member States of the EU, the US, Canada, Australia, Norway, Albania, Montenegro, Iceland, Liechtenstein and Ukraine. Russia first introduced the embargo in 2014 as a counter-measure to sanctions imposed by western governments in protest … Continue Reading

Aussie Vitamin Stocks Surge Following Unprecedented Chinese Demand

China’s insatiable appetite for vitamins and supplements is pumping billions of dollars into the Australian economy, with thousands of online shoppers snapping up products from leading Australian and New Zealand brands Blackmores, Swisse Wellness, Vitaco and Bellamy’s. Baby formula exports have become a lucrative business, thanks to the end of China’s one child policy and … Continue Reading

Sugar’s Beef with the TPP: Outcomes of the Trans-Pacific Partnership Agreement for Australian Agribusiness

Touted as the largest trade agreement in history, the TPP involves 12 Pacific Rim countries which collectively represent 40% of global GDP. That equates to US$28 trillion dollars and 800 million people. Australian Trade Minister Andrew Robb claimed the agreement will usher in a new era of economic growth and opportunity across the fast-growing Asia-Pacific … Continue Reading
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