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.
Venture fund Uniseed has added five new university partners
Our corporate team led by Alistair Jaque, Anna McKay and Zafiria Stamboulidis assisted venture fund Uniseed with its new investment arrangements with Monash University, UTS, University of Newcastle, Macquarie University and University of Western Sydney. A great opportunity for our team to be involved in the commercialisation opportunities of the cutting edge technologies developed by these university research departments and CSIRO.
Space tech start-up, Skykraft, raises $120m
Our corporate team led by Paul Miller, advised space tech start-up, Skykraft, in it's fundraising round, which will enable the company to work towards rolling out its satellite constellation.