Australian gun-jumping lawsuits highlight risks of dramatic, pre-deal business decisions
MLex Market Insight
MLex Market Insight
4.9 • 9 Ratings
🗓️ 18 February 2019
⏱️ 24 minutes
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| 0:00.0 | Hello and welcome to another M-Lex podcast. I'm Laurel Henning, senior correspondent at M-Lex, |
| 0:17.1 | and speaking to you today from our Sydney offices. Joining me for today's podcast and dialing in from Melbourne is Australasian managing editor James Panicki. |
| 0:24.8 | Hi James. |
| 0:25.5 | Hello, Laurel. |
| 0:26.9 | Last week was perhaps the busiest week Emlex's Australian New Zealand operation has had to date. |
| 0:32.3 | Not only were we keeping readers updated on changes to the Australian encryption bill that lawmakers adopted in a |
| 0:38.0 | last minute move at the end of last year. |
| 0:40.3 | We were fielding multiple updates on merger deals as well, so we had the scrapped Alstom |
| 0:45.0 | Siemens Deal, Bingo Dial-A-Dump, and DLF Seeds, PGG Rights and Seeds, just to name |
| 0:50.6 | a few. |
| 0:51.8 | And James, we were tag teaming on all this coverage while you were in court most of the week working on not one, but two court cases. |
| 0:58.0 | So two court hearings, same Melbourne court, same judge, and initially they appear to be about the same issue, gun jumping. |
| 1:05.0 | Walk us through the first of those two lawsuits, the one involving local biomedical company cryosite, |
| 1:09.0 | and maybe you could give us just an elevator |
| 1:11.3 | pitch style explanation of gun jumping as well. Okay, let's do that. Look, first up, we should |
| 1:15.2 | explain particularly for our listeners in the EU that Australia and New Zealand have a voluntary |
| 1:20.5 | notification process for mergers and acquisitions. So it is totally up to the merging parties, |
| 1:26.4 | whether or not to notify if the deal raises |
| 1:29.8 | competition concerns later on. |
| 1:31.3 | It's essentially their problem. |
| 1:33.3 | So it's their decision, their problem. |
| 1:34.3 | So the expression gun jumping is a little bit different for us down here in the southern hemisphere. |
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