Monday, 21 August 2017

David Selig
“I strive to add value to the business of my clients through achieving the outcomes they expect, solving their problems and removing the hurdles that block their business objectives.”
Telephone +61 2 8915 1010
Facsimile +61 2 8916 2010
Email David
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Underpinning the overall approach to my work is the fact that I truly appreciate the privileged position of trust that I am given in advising my clients. As a result, I strive to add value in all that I do for them. This begins with the development of a full understanding of what the client expects from the project and delivering outcomes to the client that equal or exceed those expectations. I see my involvement as being that of a key colleague and trusted adviser working alongside the client to achieve a mutually understood and desired outcome.


I specialise in initial public offerings, public capital raisings, mergers and acquisitions and general compliance with the Corporations Act and ASX Listing Rules. My experience encompasses private legal practice, in-house counsel and investment banker, including a period of more than four years in London, primarily with leading commercial law firm Allen & Overy.


I have been a partner at Addisons since 2004.
 

 

Qualifications

BComm LLB – University of New South Wales
 

Admitted as a Solicitor and Legal Practitioner in Australia and the United Kingdom

Latest Knowledge
Branching out into binary options? You might have double trouble
09 August 2017
If you are in the business of offering derivatives, you probably know that binary options are a form of derivative, and that you need a licence from the Australian Securities and Investments Commission (ASIC) to offer them in Australia.
MORE INFORMATION
Employment Law in Australia Overview
14 August 2017
In Australia, employment is primarily regulated by legislation at the Federal level. There are some areas, notably long service leave, which continue to be regulated at the State and Territory level.
MORE INFORMATION
Poor Relationships with Colleagues Leads to Dismissal
03 September 2015
BRR Media interview with Martin O'Connor, Partner on Thursday 3 September 2015 at 4:00pm.
MORE INFORMATION

I specialise in the areas of:

 

  • Initial public offerings and capital raisings
  • Mergers and acquisitions, including public bids, schemes of arrangement and private acquisitions or disposals
  • Compliance with ASX Listing Rules and Corporations Law
  • General corporate and commercial activities
     
 

Qualifications

BComm LLB – University of New South Wales
 

Admitted as a Solicitor and Legal Practitioner in Australia and the United Kingdom

Latest Knowledge
Branching out into binary options? You might have double trouble
09 August 2017
If you are in the business of offering derivatives, you probably know that binary options are a form of derivative, and that you need a licence from the Australian Securities and Investments Commission (ASIC) to offer them in Australia.
MORE INFORMATION
Employment Law in Australia Overview
14 August 2017
In Australia, employment is primarily regulated by legislation at the Federal level. There are some areas, notably long service leave, which continue to be regulated at the State and Territory level.
MORE INFORMATION
Poor Relationships with Colleagues Leads to Dismissal
03 September 2015
BRR Media interview with Martin O'Connor, Partner on Thursday 3 September 2015 at 4:00pm.
MORE INFORMATION
MOKO Social Media Limited
MOKO Social Media Limited in connection with its proposed listing on NASDAQ and associated US public offering.
View Full Case Study
Sportingbet PLC
Sportingbet’s acquisition of Centrebet International Limited by way of schemes of arrangement.
View Full Case Study
Bioniche Life Sciences Inc
Bioniche, a company listed on the Toronto Stock Exchange, in its successful application for dual listing on the Australian Securities Exchange and a simultaneous capital raising of A$29 million.
View Full Case Study
Hillgrove Resources Limited
I have acted for the Hillgrove Group in connection with all its major acquisitions and general corporate requirements, including in connection with the development and commissioning of the Kanmantoo copper and gold mine in South Australia.
View Full Case Study
APAC Resources Limited
I advise this major Hong Kong based minerals trading and investment organisation in its numerous dealings in Australia, including in connection with its significant shareholdings in major Australian ASX listed companies.
View Full Case Study
TMA Group of Companies
I acted in the successful de-listing of a public company including addressing all issues arising from one strongly dissenting independent director out of the three independent directors, as well as liaising with ASX and satisfying all its requirements.
View Full Case Study
 

Qualifications

BComm LLB – University of New South Wales
 

Admitted as a Solicitor and Legal Practitioner in Australia and the United Kingdom

Latest Knowledge
Branching out into binary options? You might have double trouble
09 August 2017
If you are in the business of offering derivatives, you probably know that binary options are a form of derivative, and that you need a licence from the Australian Securities and Investments Commission (ASIC) to offer them in Australia.
MORE INFORMATION
Employment Law in Australia Overview
14 August 2017
In Australia, employment is primarily regulated by legislation at the Federal level. There are some areas, notably long service leave, which continue to be regulated at the State and Territory level.
MORE INFORMATION
Poor Relationships with Colleagues Leads to Dismissal
03 September 2015
BRR Media interview with Martin O'Connor, Partner on Thursday 3 September 2015 at 4:00pm.
MORE INFORMATION
Collateral Benefits - it doesn't matter if it quacks like a duck!
24/7/2014
The recently concluded $2.2 billion acquisition of David Jones Limited (DJs) by the South African retailer Woolworths Holdings Limited (Woolworths) has provided a fascinating consideration of the application of the “collateral benefits” principle in the context of change of control transactions. Its rationale and outcome may well encourage the offer of collateral benefits to key target shareholders, in an attempt to get such a transaction across the line.
View Full Focus Paper
The Takeovers Panel proposes changes to Guidance Note 12: Frustrating Action
9/1/2014
The Takeovers Panel proposes changes to Guidance Note 12: Frustrating Action On 6 January 2014, the Takeovers Panel released a consultation paper (Consultation Paper) seeking public comment in relation to proposed amendments to Guidance Note 12: Frustrating Action (GN12). The Consultation Paper proposes the addition of new matters that the Panel will have regard to in considering whether a target company has engaged in frustrating action that constitutes “unacceptable circumstances”.
View Full Focus Paper
Stop – I Want to Get Off (For Now)! - A Practical Guide to Trading Halts
14/8/2013
The message from the ASX is clear. Listed entities should consider seeking trading halts more often, to stop uninformed trading and facilitate compliance with continuous disclosure obligations.
View Full Publication
Recent Amendments to the ASX Listing Rules – How Much Can Small and Mid Cap Companies Raise Without Shareholder Approval? … and What Does it Now Take to Become an ASX Listed Company?
2/8/2012
As reported by Addisons in April 2012, the ASX is rolling out a number of initiatives to assist the capital raising efforts of small and mid-cap public companies listed on the Australian Securities Exchange. The first of these initiatives will commence from 1 August 2012, enabling eligible entities to seek approval, as a special item of business at each AGM, to issue securities representing up to 10% of their existing issued ordinary capital over the upcoming year. Entities applying to become listed on the ASX will also, from 1 November 2012, have greater flexibility in the way in which it satisfies the ASX that it has a sufficient spread of securityholders, and sufficient capital and liquidity in its securities, to justify its admission to the securities exchange.
View Full Focus Paper
ASX Consultation Paper on Capital Raising by Small and Mid Caps - Great Start, but ... ?
28/5/2012
ASX has been working hard to facilitate the capital raising efforts of small and mid-cap public companies listed on the Australian Securities Exchange. ASX's recent public consultation paper, "Strengthening Australia's Equity Capital Markets" (April 2012) is a commendable, if possibly controversial, move towards greater support for "start-up" companies in the early stages of their development. However, further amendments to the Listing Rules are necessary to remove those Listing Rules that remain "counter-productive" to the objectives of the Consultation Paper. The following submission by Addisons to ASX relates to two such provisions which we believe would, as currently drafted, unduly impede the fundraising efforts of small and mid-cap companies.
View Full Focus Paper
Responding to a Takeover Bid
6/3/2012
‘Preparation is the best defence’. If there is one context in which this expression rings truer than most, it is in ‘Responding to a Takeover Bid’. One of the worst scenarios that a company could find itself is to be unprepared for a takeover bid.
View Full Publication
Reining in the Chairperson: Voting on the remuneration report resolution
19/8/2011
Shareholders often appoint the company’s chairperson as their proxy to vote on their behalf, especially at AGMs. They can either specify how the chairperson must vote by ticking the “for” or “against” boxes next to each resolution on the proxy form (a directed proxy), or leave the boxes blank and allow the chairperson to vote according to his or her own intentions (an undirected proxy).
View Full Focus Paper
oOh – ouch! Control Transactions and Option Agreements
23/6/2011
The recent Takeovers Panel decision of oOh!media Group Limited [2011] ATP 9 (oOh!Media) highlights that market disclosure may still be required even w
View Full Focus Paper
Proposed Changes to the Regulation of Executive Remuneration - Corporations Amendment (Improving Accountability on Director and Executive Remuneration) Bill 2011
12/4/2011
Following the global financial downturn and community concern about excessive executive remuneration, in March 2009 the Australian Government (Labor) (Government) asked the Productivity Commission (Commission) to undertake a review of the Australian executive remuneration legal framework in respect of listed companies.
View Full Focus Paper
Shadow Equity - The Darker Side of Insider Trading
15/2/2010
As global capital markets improve, a number of insider trading charges brought by ASIC, together with recent warnings by the ASX, serve as a timely reminder of the tough stance being taken on those who trade securities with knowledge of undisclosed price-sensitive information. In addition, senior executive remuneration has never been subjected to more intense public and political focus.
View Full Focus Paper
Australian Consumer Law Reform - The introduction of unfair contract terms legislation - Important Amendments to the Trade Practices Act and the ASIC Act
29/1/2010
Consumer protection provisions will be significantly expanded under a proposal to amend Australia's trade practices law. The amendments, which are expected to come into effect this year, will provide that unfair terms in contracts may be declared void and unenforceable. Many businesses that contract with consumers using standard form contracts are likely to be affected by the new laws and may need to reassess the terms of their contracts as well as their risk management practices.
View Full Focus Paper
National Consumer Credit Protection Act receives Royal Assent
14/1/2010
On 15 December 2009, the National Consumer Credit Protection Act 2009 (Cth) (Act) received royal assent. The Act is part of a reform of Australia’s consumer credit laws following the agreement reached in 2008 by the Council of Australian Governments that the Commonwealth should have responsibility for regulating the consumer credit industry. A practical consequence of that agreement will be that providers of consumer credit will need to be licensed by the Australian Securities & Investments Commission (ASIC) and will be governed by a new set of uniform national laws. The National Credit Code (NCC), which is found in Schedule 1 of the Act, will apply from 1 July 2010 and will replace the consumer credit codes of each State and Territory. ASIC will be responsible for the administration of the new uniform laws.
View Full Focus Paper
 

Qualifications

BComm LLB – University of New South Wales
 

Admitted as a Solicitor and Legal Practitioner in Australia and the United Kingdom

Latest Knowledge
Branching out into binary options? You might have double trouble
09 August 2017
If you are in the business of offering derivatives, you probably know that binary options are a form of derivative, and that you need a licence from the Australian Securities and Investments Commission (ASIC) to offer them in Australia.
MORE INFORMATION
Employment Law in Australia Overview
14 August 2017
In Australia, employment is primarily regulated by legislation at the Federal level. There are some areas, notably long service leave, which continue to be regulated at the State and Territory level.
MORE INFORMATION
Poor Relationships with Colleagues Leads to Dismissal
03 September 2015
BRR Media interview with Martin O'Connor, Partner on Thursday 3 September 2015 at 4:00pm.
MORE INFORMATION