Ashurst’s Australian tie-up includes option to split in event of US merger
Ashurst has the option of walking away from its deal with legacy Australian firm Blake Dawson if it agrees a tie-up with a US law firm before the planned merger with Blakes is approved, Legal Week has learned. Terms of the tie-up, finalised in September last year, specify that during the two-year period between Blakes rebranding as Ashurst at the start of this month and the proposed merger between the two firms going live in 2014, Ashurst has the option of abandoning the Australian deal in preference of a US tie-up.
Ashurst has option to walk away from Blakes tie-up as firm names new managing partner
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