Australia: Corporate/Commercial Law

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Article
Bare But Not Unfair: Court Approves Naked No Vote Break Fee
The recent Ausmincon/Afry scheme has reignited debate over naked no vote break fees in Australian M&A transactions. While these fees have been largely absent from public deals for the past decade, the Court's decision reconfirms they are not inherently coercive and need not be minimal. What factors enabled this $1 million break fee—exceeding 1% of equity value—to withstand judicial scrutiny?
Australia Commercial
KL
Herbert Smith Freehills Kramer LLP
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Article
Bare But Not Unfair: Court Approves Naked No Vote Break Fee
The recent Ausmincon/Afry scheme has reignited debate over naked no vote break fees in Australian M&A transactions. While these fees have been largely absent from public deals for the past decade, the Court's decision reconfirms they are not inherently coercive and need not be minimal. What factors enabled this $1 million break fee—exceeding 1% of equity value—to withstand judicial scrutiny?
Australia Commercial
KL
Herbert Smith Freehills Kramer LLP
See more
Article
New Hate Speech Laws: What Your Business Needs To Know
From 22 January 2026, Australia’s new Combatting Antisemitism, Hate and Extremism (Criminal and Migration Laws) Act 2026 creates serious criminal liability for anyone who funds, supports, or promotes prohibited hate groups. Businesses are not exempt. The Act’s broad definitions of ‘support’ and ‘funding’ mean that ordinary commercial activity, from charitable donations to supplier contracts, can now carry criminal risk.
Australia Commercial
L
LegalVision
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