DLA Piper advises Allianz on venture fund investment

Belt & Road appointment for HK managing partner... National firm launches building codes app...

DLA Piper advises Allianz on venture fund investment

DLA Piper partners in Sydney, Melbourne, and Hong Kong are advising the real estate unit of global insurer Allianz on its investment in a new Australian venture fund.

Allianz Real Estate is acting for several Allianz companies taking a 50% stake in the Scape Australia Joint Venture 2 Fund, which will invest up to AU$500 million focusing on student accommodation in Sydney and Melbourne and possibly other cities.

The DLA Piper team includes real estate partners Les Koltai, Arthur Chong and Astrid Beemster; assisted by Susheela Rivers in Hong Kong and the Corporate team including partner Gerry Bean, special counsel Kurt Tiam, foreign legal associate Bradley Heath and Tax partner Eddie Ahn.

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Belt & Road appointment for HK managing partner
David Beaves, managing partner of Ince & Co in Hong Kong, has been appointed to the Hong Kong International Arbitration Centre’s Belt and Road Advisory Committee.

Beaves has 37 years of experience in corporate, commercial, and banking transactions throughout Asia. His particular focus is the shipping industry.

The HKIAC has formed the industry-focused committee to support projects related to China’s Belt and Road Initiative (BRI) and launched an online resource platform dedicated to the BRI on 26 April.

“I am pleased to be involved in the Belt and Road Advisory Committee which will assist the HKIAC in taking a leading role in supporting the Belt and Road Initiative,” said Beaves. “It is hugely important that BRI projects benefit from invaluable legal risk management; dispute resolution expertise and Hong Kong’s modern legal infrastructure.”

National firm launches building codes app
A new online application to help head contractors and sub-contractors comply with building codes for Commonwealth-funded work has been launched by Gadens.

“There are strict building codes for Commonwealth funded work which could ultimately result in exclusion sanctions if contractors don’t meet their obligations,” said Corporate Advisory Partner Jonathon Hadley, a specialist in workplace relations.

The web-based app guides users through rights and obligations under the regulation.

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