Freehills has confirmed it is representing the Australian Gas Light Co (AGL)-led consortium, Great Energy Alliance Corporation (GEAC), currently embroiled in a A$3.5bn row with the ACCC over its attempt to take control of Victoria's Loy Yang power station.

Following the ACCC's refusal to sanction GEAC's bid on the grounds that it creates "substantial competition concerns", GEAC undertook proceedings to take the matter to the Federal Court on 15 September.

Freehills said partners Robert Nicholson (corporate) and John Angus (banking & finance) were leading a team drawn from its corporate, banking & finance, projects and specialist tax (Greenwoods & Freehills) practices.

Gilbert & Tobin confirmed it was advising AGL - independently of the consortium - on the corporate aspects of the transaction. Four partners were involved: Gary Lawler and Rachel Launders advising on corporate issues, and Gina Cass-Gottlieb and Liza Carver on competition law.

Both Freehills and Gilbert & Tobin said the deal was too sensitive to discuss.

The GEAC consortium comprises AGL, Tokyo Electric Power Company (TEPCO), Commonwealth Bank of Australia (CBA) and other CBA-led investors.

A team from Baker & McKenzie, led by partner Chris Saxon, is advising TEPCO. A team from Allens Arthur Robinson, led by partners David Wenger, Michael Greig and Tim Bednall is representing Loy Yang's vendors - Macquarie Bank's Horizon Energy Investment Fund, CMS Energy and NRG Energy - on all aspects of the sale process.