Current Law Journal Content
Washington & Lee Law School
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  Australian Business Law Review   (Australia)
  Volume 38, Number 4, August 2010
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        p.213                                                                                      +cite    

  • Australian regulation of foreign direct investment by sovereign wealth funds and State-owned enterprises: Are our rules right?
        Greg Golding
        p.215                                                                                      +cite        
        In recent years there has been considerable debate surrounding investment in Australia by entities affiliated with foreign governments. The benefits to Australia of foreign direct investment seem clear, even if sometimes poorly understood by the general public. This article considers the Australian regulatory regime applicable to foreign direct investment and the experience in applying that regime to investment by sovereign wealth funds and State-owned enterprises.
  • Increasing shares in Australian professional services markets: Is s 50 a barrier to growth by acquisition?
        David K Round, Max Bessell and Manish Agarwal
        p.238                                                                                      +cite        
        Market concentration levels that will trigger investigations of proposed mergers have been used by the Australian Competition and Consumer Commission (ACCC) for some years. One market in Australia that has seen significant increases in concentration over the last decade is the market for auditing services, which is dominated by the Big Four accounting firms. A consideration of market shares and concentration levels indicates that a merger between any of the top three (and possibly four) accounting firms would be unlikely to find favour with the ACCC. However, s 50 appears to be powerless to stop one firm simply hiring all the audit partners or accredited auditors of another firm, and, assuming the clients of these auditors are retained, enjoying an instant and large increase in market share that would be unchallengeable under the s 50 provisions.
        Robert Baxt, AO
  • Factors to be considered by Australian companies structuring US operations through US partnerships
        Robert J Wilczek and Douglas C Murray
        p.246                                                                                      +cite        
        Stephen Corones
  • The Australian consumer law revolution - Is this truly the most significant reform in Australian competition and consumer law in 35 years?
        Robert Baxt, AO
        p.251                                                                                      +cite        
        Robert Baxt, AO
  • Observations on the Australia-China Free Trade Agreement negotiation process
        Razeen Sappideen and Ling Ling He
        p.257                                                                                      +cite