News and Views
| October 2019
Deutsch Miller secures a win for Supercars
Following a favourable Supreme Court judgment in 2017, our client, V8 Supercars Holding Pty Ltd (Supercars), has successfully defended an appeal brought by Sanpoint Pty Ltd (Sanpoint). Sanpoint had previously been party to a Racing Entitlement Contract (REC) which had entitled it to run a team in the Supercars Championship.
Supercars obtained the declarations it sought from the NSW Supreme Court to the effect that Sanpoint had surrendered all of its rights and interests in the REC and that Supercars had validly sold the REC following an unsuccessful tender. Sanpoint alleged that Supercars breached the REC in the way that it conducted the tender process. Sanpoint’s cross-claim for damages was dismissed at first instance and Supercars was awarded indemnity costs. (see: https://bit.ly/2O1YsEw; https://bit.ly/2J5N23K)
The NSW Court of Appeal handed down its decision dismissing Sanpoint’s appeal with costs (see: https://bit.ly/2UEZBUm).
Deutsch Miller is proud to have assisted Supercars in achieving such positive outcomes.
VISEO and Cludo are joining forces expanding Salesforce and digital services offering in Australia
Alistair Jaque advised VISEO, which is a global technology company specialising in digital transformation services, on its acquisition of Cludo, which is a leading Australian Salesforce digital services and consulting partner. The transaction was the latest of a number of acquisitions in the IT consulting sector in which the Firm has been involved.
Credit Clear jumps 31pc on ASX debut
Alistair Jaque successfully led the legal team at Deutsch Miller who helped Credit Clear to list on the ASX. Credit Clear, which is a fin-tech business that specialises in receivables management solutions, listed at the end of October and has performed impressively since its admission to ASX, and now has a market capitalisation of over A$190 million.
COVID 19: Feel like tearing up your contract?
While some businesses are starting to ease back into work after their COVID-19 hibernation, most are still reeling to some degree from the impact of government restrictions, travel bans, interrupted supply chains, and the broader economic downturn. In the face of such challenges, you may be wondering whether there are grounds to be relieved from your contractual obligations.