Law firms and corporate legal teams in Australia are bracing for a significant shift in the country’s competition law, which will impose stricter compliance requirements on merger transactions starting next year. According to Herbert Smith Freehills competition partner Stephanie Panayi, the reforms bring a fundamental change to how mergers are assessed, expanding the workload for legal advisors specializing in competition law.
The upcoming changes are anticipated to increase both the complexity of M&A activities and the demand for expert competition lawyers, as firms will need to navigate the newly established regulatory framework. For a complete overview, visit the article here.