Maddocks law firm has advised one of the world’s best known motor vehicle brands, Chrysler, on the new distribution arrangements for Alfa Romeo and Fiat brand vehicles, parts and accessories in Australia and New Zealand. Under the new agreement the current Fiat and Alfa Romeo dealer group, which numbers 17 passenger dealerships with 22 commercial vehicle outlets across the country, will report into the Melbourne-based Chrysler Australia group.
The transaction, which was finalised on 1 May, included due diligence, and all aspects of negotiation and settlement of numerous agreements including termination, settlement, sale, dealer and support and services agreements. The Maddocks team, led by Peter Shaw and Jeff Goss, worked closely with Regional General Counsel, Jun Cho and Australian General Counsel, Peter Lidstrom to manage the complexities of the transaction.
According to Peter Shaw who leads the Maddocks Commercial team in Sydney, “Our team is known for its ability to work in partnership with both our clients and their other advisers, which enables us to manage complex transactions within tight timeframes. I believe our ability to work seamlessly with KPMG, Chrysler’s tax and accounting advisers on this transaction, contributed significantly to meeting our deadlines.”
Maddocks lawyers have provided a wide range of legal advice to clients operating in the automotive industry including on commercial, tax, property, employment and superannuation issues.
This new distribution arrangement supersedes the agreement between Fiat Group Automobiles S.p.A (FGA) and Ateco Automotive Pty Limited (Ateco).
Ateco has distributed Alfa Romeo within Australia since 1997 and Fiat since 2001.
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