Media Release | 2 March 2021
Hall & Wilcox has updated its market-first Foreign Investment Review Board (FIRB) app to take account of recent Federal Government changes. The firm has redesigned the app to incorporate the removal of the across-the-board $0 monetary screening threshold for all foreign investments. The update also captures new reporting requirements for foreign persons proposing to undertake a notifiable national security action.
With the Hall & Wilcox FIRB app, clients can quickly assess whether they require FIRB approval for different types of acquisitions.
The app covers a broad range of transactions involving agricultural land and businesses, commercial land, residential land, mining or production tenements, interest in a significant agreement, wind or solar power stations, Australian securities and Australian assets. The app also provides guidance on more complex terms and is highly intuitive in applying relevant FIRB rules for different countries.
Hall & Wilcox is a leading independent Australian law firm of around 750 people including 93 partners, delivering outstanding legal services to corporate, public sector and private clients, both Australian-based and those offshore doing business in Australia. Our dedicated Client Solutions team works with our clients and lawyers, using process improvement, automation and web-based technologies to re-engineer how we deliver legal services. Smarter Law is how we describe our innovation focus to deliver legal services to our clients more efficiently, faster and in a way that adds more value.
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