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Herbert Smith Freehills has advised Commonwealth Bank of Australia on the sale of Count Financial Limited to CountPlus Limited (CUP).

The sale includes an indemnity to CUP for customer remediation matters arising from past issues at Count Financial and CBA will continue to support and manage remediation activities relating to these issues.

The Herbert Smith Freehills team was partner Tony Damian, senior associate Li-Lian Yeo, solicitor Timothy Coorey and graduate Zoe Dutton.

The team worked closely with Mark Alexander, General Manager, Advisory and M&A Legal with team members Kelly Head and William House.