Independent Liquor sellers win round one in court-room stoush with Asahi

Tue, 08 Oct 2013

By Paul McBeth Oct. 9 (BusinessDesk) - The private equity firms that sold local booze maker and distributor Independent Liquor have won the first round of a court battle to prevent buyer Asahi Holdings accessing privileged documents relating to the sale. In the Federal Court of Australia, Justice Christopher Jessup upheld the claim by Pacific Equity Partners and Unitas Capital that several thousand documents produced by law firm Clayton Utz, accounting firm PwC and investment bank UBS were privileged and won’t be open for Asahi to trawl thro...

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