Why you should use management rights experts
You would not go to a general practitioner for brain surgery.
It is for the same reason you should not go to your local lawyer for a management rights matter.
Some people play them down as being simple but they are not. There are a myriad of things that lawyers who don’t practice regularly in management rights simply will not know how to handle.
When investigating a management rights purchase or sale, you will no doubt repeatedly hear that you should (or must) use an industry expert. As you would expect us to, we cannot recommend this strongly enough. Some people disregard this and use their usual lawyer, accountant or their local bank.
More often than not, these are the clients that we end up assisting after things have taken a turn for the worse. Management rights is a very specialised area.
Using someone who does not know what they are doing to assist you will be an experience fraught with frustration (through your advisor not knowing what is going on and not being able to assist you) and financial danger, which is usually the result of bad advice.
Many people call themselves experts. It is easy to advertise that. If they do, don’t be afraid to ask for testimonials from other management rights clients. Ask them how many management rights transactions they are currently working on, or how many management rights clients they have advised over the last few months. Investigate how committed they are to the management rights industry. Ask the other industry professionals you are working with how often they have dealt with your advisors.
Hynes Legal are management rights experts. We live and breathe management rights.
We will have answers to all of your management rights questions – quite possibly before you know you need to ask them. Others don’t.
We are not the cheapest but nor are we the most expensive. What we provide is real value for money.
Testament to that is the fact that we normally have 50 or more management rights transactions on foot. Many of those are new clients but a lot of those are repeat clients. They know what we are like to deal with and quite often signed contracts hit our desk before we have even given a quote – that is how much our client’s trust us.
Ask our experts
Leo Hopsick is a corporate lawyer with over 25 years’ experience practising at major law firms and as in-house corporate counsel at major construction, energy and resources companies.
Leo acts for private and public sector clients on the delivery of major projects as well as extensive experience in the areas of mergers and acquisitions, front end construction law, project financing and joint ventures.
Leo has worked with aged care providers and retirement living operators on a range of matters including large and small scale acquisitions, advising on joint ventures and structuring arrangements.
Areas of practice
- Aged Care & Retirement Living
- Business Structuring and Transactions
- Manufactured Home Parks
- Bachelor of Laws
- Bachelor of Commerce
- Admitted as a solicitor of the Supreme Courts of Queensland and Victoria
- Advising a leading aged care provider on the acquisition of three centres by way of share acquisition, including negotiating the share sale agreement and due diligence advice.
- Advising the purchaser of a landmark retirement living facility on the joint venture and other structuring arrangements for the ownership and operation of the facility.
- Advising a major international property sector corporation on its acquisition of ownership of management rights in the scheme by way of share acquisition including drafting & negotiating the share sale agreement and due diligence advice.
- Advising private equity investors on their acquisition of a group of child care centres by way of business asset acquisition ( land & child care centres) , including negotiating the sale agreements for each centre; due diligence; advice on bank financing arrangements; stamp duty advice; structuring advice.
- Leo has been in-house counsel at Thiess, advising on major construction contracts & infrastructure projects.
- Advising the developer of an aged care facility on its managing contractor agreement (design & construct– Guaranteed Maximum Sum) with the builder, including drafting and negotiating the construction contract and advice on project risks and risk management.
- Advising hospital owners on project documentation for the design and construction of hospitals in South East Queensland including drafting and negotiating the design and construct contracts.
- Acting for a major international provider of mining services preparing and negotiating the design and construct contracts and tendering documents for the construction of its international manufacturing facility in Brisbane.
- Australian Water Association
- Queensland Law Society