About Tracy Lu
Tracy is a transactional and commercial IP specialist, with more than 15 years' experience in both non-contentious and contentious IP matters.
She has extensive expertise in advising on the IP aspects of market-leading domestic and cross-border M&A transactions, complex IP arrangements, including collaboration, licensing, sponsorship and commercialisation agreements, and high-stakes patent disputes. She acts for a broad range of clients including startups, research institutions, multinational corporations and private equity investors, and is particularly focused on the financial services, technology, defence and healthcare sectors. She has also previously worked on secondment at Linklaters in London.
Tracy has been recognised as a finalist in the IP category of the Lawyers Weekly '30 Under 30' Awards. She is a member of the NSW committee of the Intellectual Property Society of Australia and New Zealand (IPSANZ), the NSW committee of the Licensing Executives Society Australia and New Zealand (LESANZ), and the Australian national committee for ChIPs Australia and New Zealand.
Tracy is a fluent native speaker of Mandarin. Read Tracy's profile in Chinese.
Tracy's notable experience includes advising on the IP aspects of the following matters.
Transactional IP
- Bain Capital – acquisition of Perpetual Limited’s financial advice, wealth management and traditional trustee businesses.
- Insurance Australia Group – A$1.35 billion strategic alliance with the Royal Automobile Club of Western Australia.
- Blackstone – US$10 billion financing of AI data centre company Firmus Group with Coatue.
- Global Switch – A$2.12 billion sale of its Australian data centre operations to ASX-listed alternative asset manager, HMC Capital Limited.
- Advent International – A$1 billion acquisition of leading early-phase clinical research provider New Zealand Clinical Research Group.
- Livingbridge – sale of Everlight Radiology to US-based Radiology Partners.
- Paine Schwartz Partners – $A2.459 billion take private of ASX-listed Costa Group Holdings, Australia's largest horticulture group.
- Sony Music Publishing Australia – global catalogue acquisition deal with acclaimed Australian musical artist Tame Impala.
- National Basketball League and LK Group – investment in the Australian Women's National Basketball League.
Commercial and advisory IP
- ASC – collaboration with BAE in respect of the SSN-AUKUS submarines.
- Naval Group – participation in the Australian Future Submarine Program.
- A global technology solutions provider – copyright implications of deploying a new agentic artificial intelligence tool involving the use of Retrieval-Augmented Generation techniques in Australia.
- A leading Australian energy retailer – IP protection and commercialisation strategies relating to certain in-house developed green technologies.
- News Corp – submissions in relation to the Australian Government's Copyright Enforcement Review.
- Murdoch Children's Research Institute – copyright protection matters.
- IREN – marketing and sponsorship matters.
- Westpac – branding and advertising clearance matters.
Contentious IP
- Cytec Industries – Federal Court patent opposition proceedings in relation to an industrial chemical process.
- Seiko Epson – enforcement actions on e-commerce platforms and patent proceedings.
- Longchamp – anti-counterfeiting enforcement actions.
- Teva – patent disputes involving Copaxone® (glatiramer acetate) and rasagiline.
- Otsuka / BMS – Federal Court patent proceedings involving Abilify® (aripiprazole).
- Beiersdorf Australia – Federal Court proceedings defending against allegations of misleading or deceptive advertising claims relating to deodorant products.
- Music Rights Australia – Federal Court proceedings acting on behalf of Australian record companies seeking an injunction against ISPs to block access to a torrent website.