Freehills proudly sponsored the Australia India Joint Business Council Summit that was held in Melbourne on 20 May 2008. The summit provided a forum for the highest level of dialogue between Australia and India to discuss trade and investment opportunities.
The Hon. Mr Kamal Nath, India’s Minister for Commerce and Industry, led a high-level business delegation of senior executives from leading Indian companies in meeting Hon. Mr Simon Crean, Minister of Trade for Australia, and senior Australian company executives.
Philip Christensen, a partner in Freehills’ Brisbane office, presented a paper at the summit on investing in mining and resources, outlining the law regulating foreign investment in Australia with emphasis on the mining sector, and the basic scope of government policy, including the Foreign Acquisition and Takeovers Act 1975 (Cth).
Over 50 senior executives and government officials accompanied Minister Nath to Australia. The delegation included senior representatives from the mining, infrastructure development, food processing, ICT and education sectors. In addition to this, a number of leading Australian organisations sent senior executives from India to share insights on recent trade and investment transactions between the two countries.
Freehills has significant experience in Asia and India in particular, as well as excellent relationships with key stakeholders in India and Indian-qualified lawyers that enable them to respond to this growing region.
India was the second fastest growing economy in the world in 2007–08 and much of this growth has been in the services and manufacturing sectors. Massive infrastructure projects are planned and many multinational companies are moving into the region in response to this.
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