Shane Stewart Special Counsel

Meet Shane

Shane is a corporate lawyer focusing on public M&A and ECM transactions, restructures and foreign investment clearances.

He advises on public market takeovers, schemes of arrangement, foreign investment clearances, restructures, business and share acquisitions, ASX listings, entitlement issues and placements, joint ventures, share buy backs, and corporate governance and corporate advisory matters (including advising on the ASX Listing Rules, corporate governance policies and charters, shareholder activist situations and board spills, related party dealings, insider trading issues, company secretarial matters, employee incentive schemes and termination benefits issues and director and executive appointments).



Ausdrill (ASX: ASL)

Advised on multiple acquisitions and disposals, capital raisings and corporate governance matters including its A$697 million acquisition of Barminco (and associated A$250 million equity raising); its A$66 million disposal of Drilling Tools Australia; its A$60 million acquisition of Brandrill (ASX:BDL) by scheme of arrangement and its defence of a hostile A$485 million takeover offer from an ASX-listed competitor.

Liquefied Natural Gas (ASX:LNG)

Advised on an A$28.2 million placement by IDG Energy Investment Group Limited.

Macmahon (ASX:MAH)

Advised on its transaction with PT Amman Minerals involving the acquisition of A$194 million of mining equipment in exchange for a controlling stake in Macmahon and the award of a A$3.9 billion mining services contract in Indonesia.

Senrigan Capital

Advised on its challenge to Yancoal's 23.6 for one renounceable entitlement offer and placement to raise up to US$2.5 billion.

Various institutional investors

Advised various institutional investors on investments in convertible notes and options in entities including Sundance Resources (ASX:SDL) and Terracom.

British Columbia Investment Management Corporation

Advised on the purchase of a 9.99% stake in Glencore Agricultural Products from Glencore plc for an aggregate consideration of US$624.9 million payable in cash upon closing (valuing 100% of the equity in Glencore Agri at US$6.25 billion).

Quickstep (ASX: QHL)

Advised on its $22 million capital raising by institutional placement and entitlement offer.

ASX-listed entities

Advised various ASX-listed entities including Ausdrill (ASX:ASL), Liquefied Natural Gas (ASX:LNG), TNG (ASX:TNG), Quickstep (ASX:QHL) and Todd River Resources (ASX:TRT) on their capital raising initiatives.

Consortium of infrastructure investors

Advised on their bid for Veolia Water UK’s regulated business (now branded Affinity Water).

Apache Corporation

Advised on the acquisition of 49% of Burrup Holdings Limited (the owner of an ammonium fertilizer plant in the Burrup Peninsula region of Western Australia) from ANZ Bank and related matters.

HBOS Australia, Bank of Western Australia & directors

Advised on the sale of BankWest to Commonwealth Bank, a transaction which was voted 2009 M&A deal of the year by CFO Magazine.


Recognised as a recommended lawyer in Capital Markets.
Asia Pacific Legal 500, 2018

Career & qualifications


  • Bachelor of Laws (First Class Hons), University of Adelaide
  • Master of Laws, University of Chicago


  • Convenor, Commercial Law Committee of the Law Society of Western Australia
  • Law Society of Western Australia
  • Law Society of South Australia
  • American Bar Association
  • Member, ASIC WA Regional Liaison Committee

International experience

  • Shane’s international experience includes working in London for Clifford Chance LLP.
  • Member of the New York Bar.

Insights Read more insight

Receiver distribution of assets permitted despite objections

The latest decision in the external administration of Mirabela is a reminder of the utility of the section 424 directions process for receivers, and an example of the steps to be taken in the face...

Security for payment in scrip transactions: a viable option in Australia?

How can novel structuring and proper care achieve security for payment in scrip transactions?



External publications