Q. Please provide a brief background of your firm, your specialist areas of expertise and comment upon how the firm distinguishes itself from the competition.
A. The firm has been in operation for over seven years. Our practice has an emphasis on construction, mining services, engineering and manufacturing businesses. The firm prides itself on its client relationships. We add value through a pragmatic and commercial approach with no tolerance for “stuffed shirt” legal snobbery. In short, we speak the language of our clients.
Q. How would you describe the current business environment in your region?
A. The Hunter Valley and Newcastle region is well known as the industrial power house of New South Wales. The main industries are; coal mining, manufacturing and power generation.
The current economic climate could best be described as “the middle of a slow-down”. Capital investment in the mining and manufacturing industries in the region has slowed. The local economy is facing the dual head winds of lower commodity prices and increased foreign competition for manufactured goods. However, on the plus side, the value of the Australian dollar against other foreign currencies is easing, benefitting local manufacturers.
As a result of these conditions, there are bargains to be had if a business is on the acquisition trail.
Q. What are the main differences between a notary and a solicitor or other kinds of advisors?
A. A notary is recognised internationally as a person of good character who can certify the authenticity of documents. A notary can, therefore, be particularly useful in cross-border transactions where the parties may not be entirely familiar with the local legal system.
Q. What risks will an experienced notary look to reduce for an expanding business?
A. An experienced notary will reduce the risk of forged or false documents misleading a potential purchaser. We can also assist purchasers understand the veracity of documents presented at the due diligence stage.
Q. Tell us why your business is particularly well equipped to work with businesses looking to expand overseas?
A. Sloan Law is uniquely placed to assist businesses looking to expand in this region because of our extensive local knowledge, networks and expertise. We know all the main players in the local legal, financial, mining and manufacturing sectors.
Q. How do you ensure that your business is always at the forefront of any changes or developments in your industry?
A. I am a registered member of the Society of Notaries NSW Inc and regularly attend continuing legal training seminars.
However, the best training is the ongoing interaction with our clients where we can use our skills to mitigate risks and help them obtain the best commercial outcomes.