King & Wood Mallesons acts for Airtrain Holdings in sale to UK pension fund
King & Wood Mallesons has acted for Airtrain Holdings in its sale to USS Axle, by way of three interconditional schemes of arrangement, for AUD109.55m (£76m).
Airtrain is the holding company of Airtrain Citylink, which owns and operates the Brisbane Airport Rail Link (BARL) connecting Brisbane’s international and domestic airports to more than 140 railway stations within the Queensland Rail network.
USS Axle is a wholly owned subsidiary of the UK’s Universities Superannuation Scheme, a £34bn superannuation fund.
The King & Wood Mallesons team, based in Brisbane, was led by corporate partners John Humphrey and Stefan Luke, together with senior associate Rhys Casey and solicitors Erin Hanson and Joshua Duffy. Justin McDonnell, Natalie Caton and Ashlee Campbell from the law firm’s dispute resolution team assisted with the court approvals of the schemes.
News from King & Wood Mallesons
News from The Lawyer
Briefings from King & Wood Mallesons
The assistant treasurer was quizzed recently about the timetable for his Future of Financial Advice changes.
High Court decides: liquidators of insolvent landlords can disclaim leases with the effect of extinguishing the tenant’s leasehold interest
In Willmott Growers Group Inc v Willmott Forests Limited, the majority of the High Court upheld the Victorian Court of Appeal’s conclusion that the liquidators of an insolvent landlord can disclaim a lease.
Analysis from The Lawyer
All-encompassing change is now a reality for the UK’s top 200 firms. How are they coping with the unprecedented upheaval? The Lawyer finds out