Tin-Lok Shea, special counsel at H & H Lawyers, was recently quoted in an article in Nikkei Asia regarding the prospective sale of AusNet Services, an Australian energy company, to a foreign investor. The deal is significant because it weighs the importance of economic security, critical energy infrastructure and therefore national security, and foreign ownership of Australian assets. The result of this transaction could serve as a litmus test for the immediate future of foreign investment in Australia.
"It's a big case. If approved, it will be the first time since January that a 100% stake will be changing hands," said Tin-Lok. "I think there will be concern if this one got rejected because it would then send out a message as to Australia's appetite for investment."
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