Australia - Restructuring/Insolvency Lawyers & Law Firms - Asia-Pacific - Chambers and Partners
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Asia Guide

Restructuring/Insolvency — Australia


Allens - Restructuring/Insolvency

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Band 1

第一等

Commentary from the Chambers Asia-Pacific guide

What the team is known for  Complete restructuring and insolvency offering. Operates in a number of sectors including oil and gas, financial services and government. Extensive experience advising clients on high-profile and multi-jurisdictional restructures and insolvencies for both creditors and debtors and also prosecutes and defends insolvency litigation.

Strengths  The team gains praise from clients for its proficiency, one commenting that the lawyers are "very competent in the work that they do, very on top of matters, and they give the right level of service for the matter, they allocate resources appropriately," while another adds: "They've been very, very good, very thorough and knowledgeable."

Another source commends the depth of talent within the team: "In addition to my very high regard for the partners' expertise, I also consider their team of senior associates and associates to be of an exceptionally high calibre – both as lawyers and as people."

Work highlights  Acted for the directors of the Australian companies in the Peabody Energy Group in relation to issues arising as a result of any filings, including the voluntary Chapter 11 filing by Peabody Energy in the USA.

Acted for Westpac on proceedings for the recovery of debt owed to it by five defendants relating to various facilities granted to Zilzie and guarantees provided by the other defendants.

Notable practitioners

Clint Hinchen is a deeply experienced practitioner, operating in restructuring and workouts, the management of non-performing assets and insolvency litigation. A client describes working with him as "a very enjoyable experience," adding that "he's across the issues, thinking of them ahead of the game; he's very proactive rather than reactive."

Alf Pappalardo is described by a client as "the best insolvency lawyer in Brisbane," the client going on to say that "he's a very strong communicator and he looks for solutions that don't involve three-week trials; he tries to find compromises rather than just being entirely litigious." He acts for a variety of insolvency practitioners on receiverships, liquidations, administrations and schemes of arrangement, and he assisted EY as the voluntary administrators of Kurtz Transport.

Geoff Rankin has a wealth of experience advising banks, unsecured creditors, receivers, administrators and liquidators on a full range of restructuring and insolvency issues. A client describes him as "always available, very responsive and good on difficult issues," and he advised KordaMentha on all aspects of the receivership of Prime Retirement Group.

Philip Blaxill is an established operator in the market, advising creditors, debtors, insolvency practitioners and financial institutions regarding rights and obligations where a borrower has entered into financial distress. He was engaged by Ferrier Hodgson who were appointed as the receivers and managers of the assets of KBL Mining by Quintana Mineral Hill Streaming.

Tania Cini practises in corporate insolvency and restructuring, representing insolvency administrators, financiers and hedge funds in relation to corporate collapses and restructuring. An impressed client says: "She provides balanced and commercial advice and is very client-focused."

Chris Prestwich advises lenders, corporates and insolvency practitioners regarding restructuring and insolvency matters and acted for Ferrier Hodgson as the receivers and managers of the Intergen Group's interest in the Callide C power station. One client says: "He's got good technical skills and is very capable, both technically and commercially."

Ian Wallace is an experienced practitioner with particular expertise in implementing standstill agreements alongside restructurings outside of formal insolvency regimes. His clients include major clients such as ANZ, KordaMentha, PPB and CBA.

Matthew Whittle focuses on corporate restructuring and insolvency, advising financial institutions and insolvency practitioners, and acted for McGrathNicol as the liquidators of the Home Australia group. One client comments: "Matthew Whittle has been very impressive. He is exceptionally client-focused, very considered and diligent and has provided first-class advice."

Department profile by Allens

Allens has a dedicated national restructuring and insolvency practice with partners in each of our Australian offices. The firm's reputation is built around its technical expertise, solutions based approach, depth of resources and ability to marshal industry related expertise across a range of sectors from its broad practice base.

We operate across the full spectrum of restructuring and work out scenarios; disposal and acquisition of distressed debt portfolios; in all forms of corporate insolvency administrations under Australian insolvency laws; in scenarios where Australian law interfaces with international insolvency law; in prosecuting and defending litigation (including class actions) arising in the context of insolvency scenarios; and in undertaking advisory work for key stakeholders in distressed or insolvency scenarios. Our practice is both financier and debtor side. It also supports our M&A capability in acquiring entities or assets in distressed or insolvency scenarios.

One of our key differentiators is that our restructuring and insolvency team enjoys a significant reputation for its technical competence and expertise in conducting complex, large-scale and often multi-jurisdictional restructurings and insolvencies which require extensive legal capability and bench depth in resources. Our ability to call upon experts from across all necessary disciplines gives our clients a team of leaders in their respective fields and exceptional service delivery.

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Ashurst - Restructuring/Insolvency

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Band 1

第一等

Commentary from the Chambers Asia-Pacific guide

What the team is known for  Market-leading national practice, active in many of the country's most high-profile restructurings, turnarounds and corporate collapses. Advises on insolvency litigation and distressed debt issues. Additionally offers excellent international expertise, particularly in matters involving the USA and UK, and acts for buyers and sellers of distressed credits in Australia's secondary debt market.

Strengths  Clients laud the department for its diversity of abilities, one commenting: "What's great about the firm is that they have different skills and they present to market well. They've got a great team there."

Work highlights  Advised Atlas Iron, an iron ore miner and exporter in financial difficulty, in relation to a USD275 million syndicated loan facility. Atlas was unable to consensually restructure the debt obligations with the lenders and so proposed a creditors' scheme of arrangement.

Advised US-headquartered global private equity firm Bain Capital as lead financier in the purchase and restructure of debt borrowed by ASX-listed company Imdex, and on the implementation of a revised capital structure for Imdex including the issue of warrants to Bain over ASX-listed shares in the company.

Notable practitioners

James Marshall is an outstanding figure in the market, focusing on complex and high-profile restructurings, the management of credit risk and distressed mergers and acquisitions. He advised Boart Longyear, an ASX-listed global mineral exploration company, in relation to restructuring negotiations with the company's US-based lenders. Clients describe him as "one of the top restructuring lawyers" and "one of the top five lawyers in Australia," with one saying: "He's been exceptional. He has a great technical capability but also thinks outside the box and has great creativity; he looks for solutions and is very commercial and is always there when he needs to be."

Department head Ross McClymont specialises in advising financiers, directors and insolvency administrators regarding insolvency law, and was engaged by a lending syndicate comprising Westpac, NAB, RBS and others in relation to a creditors' scheme of arrangement for Slater & Gordon. A client notes that "he's extremely pragmatic in his approach, he understands the need to not get too legalistic in his approach."

Tony Ryan practises across a wide spectrum, including complex insolvency, distressed debt and restructuring, and advised KordaMentha with regard to its role as receivers and managers of the Pumpkin Patch group. A client describes him as "incredibly knowledgeable and an excellent technical lawyer," adding that "he's very generous with his time and has a broad technical knowledge across the various areas."

Michael Sloan advises clients on complicated restructuring and insolvencies, on both domestic and cross-border matters, including assisting National Australia Bank as the secured creditor of the insolvent entity Home Australia Group. One client comments: "He's a very thoughtful person and very careful in formulating propositions."

Emanuel Poulos focuses his practice on restructuring and turnaround, with many insolvency practitioners as his clients. He advised GE Commercial Corporation as the secured creditor of WDS, and subsequently FTI as the receivers and managers of WDS's secured property.

Department profile by Ashurst

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Clayton Utz - Restructuring/Insolvency

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Band 1

第一等

Commentary from the Chambers Asia-Pacific guide

What the team is known for  A comprehensive, national offering with long-standing strength in contentious insolvency. Also handles restructuring and workouts and advising offshore funds and investment banks on distressed debt purchases and loan portfolio bids. Advises banks, insolvency firms and corporate clients in a broad range of sectors including agribusiness, government, mining and real estate, with a particular focus on the energy and natural resources and financial sectors.

Strengths  Clients praise the firm's pragmatic approach, one noting: "They're very good, I find them to be very commercial and practical."

Another client points out the team's strength on contentious matters, saying: "They're the best for litigation."

Work highlights  Advised the directors of Commonwealth Steel Company, an entity within the Arrium Group that is not in administration, with regard to their personal responsibilities relating to forbearance arrangements entered into by the company with a 16-member unsecured lending syndicate.

Engaged by Ferrier Hodgson as voluntary administrator and liquidator of collapsed telecommunications and internet service provider ispONE to advise on restructuring options and subsequently on claims against a former director for the recovery of loans made to him by the company.

Notable practitioners

Jennifer Ball is highly experienced in the restructuring and insolvency area, practising across all areas of restructuring, insolvency and commercial litigation. She advised the board of directors of Arrium in relation to the company's recapitalisation plan and its formal administration.

Cameron Belyea specialises in contested debt and capital restructuring, complex insolvencies and litigation. He advised Karara Mining on the company's recapitalisation and maintenance of capital project with the support of the company's PRC-based lenders. One client notes that he is "a very commercial lawyer who looks for commercial solutions while ensuring we are always aware of the legal risks."

Orla McCoy is an established restructuring and insolvency practitioner with both domestic and international expertise. She advised Pacific Road as secured creditor and shareholder with regard to the voluntary administration and restructure of Carbon Energy, and one client comments that "she's incredibly diligent and focused on ensuring every detail is appropriately managed."

Karen O'Flynn is the head of the Clayton Utz restructuring and insolvency practice and specialises in commercial insolvency and restructuring litigation. She advised McGrathNicol as the administrators in relation to the voluntary administration of Pumpkin Patch, and one client says: "She's lovely to work with and I feel like I'm in very capable hands with her."

Paul James leads the insolvency practice at Clayton Utz's Melbourne office and has a particular focus on complex restructuring and insolvency matters. A client notes: "I find him to be very good; he's pretty matter-of-fact, gets straight to the point and looks at what's in the best interest of his clients, finding a solution in a very practical way."

Nick Poole's clients include banks, insolvency practitioners and funds, and he has a particular focus on distressed loan asset restructuring. Sources describe him as "a good operator" and "a very good lawyer," with one client commenting: "He did a terrific job and he's got a good team."

Tim Sackar's practice is focused on workouts and debt restructuring. He has international expertise, having previously worked in both London and Hong Kong, and his clients include financial creditors, debtors and sponsors.

Department profile by Clayton Utz

Department profile not yet provided by Clayton Utz. Please see their firm profile.

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King & Wood Mallesons - Restructuring/Insolvency

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Band 1

第一等

Commentary from the Chambers Asia-Pacific guide

What the team is known for  An in-demand group for its extensive experience acting for a broad range of clients across the mining and resources, manufacturing and retail sectors. Regularly advises on multi-jurisdictional and high-profile restructuring and insolvency mandates including those with a Chinese aspect. Works closely with other practice groups in the firm, such as banking and finance, M&A and private equity, to provide a seamless service to clients on distressed investment restructuring.

Strengths  Clients appreciate the firm's integrated service, with one commenting: "They're very strong right across the practice areas of the firm; you can draw upon that experience in a particular insolvency where necessary."

Another client adds: "They have a great national practice and I use them on deals that need a national footprint."

Work highlights  Engaged by McGrathNicol, the administrators and deed administrators of the McAleese group of companies, in relation to issues arising out of the group's AUD200 million restructure.

Assisted Paladin Energy, a uranium production company, on complex restructuring proposals designed to relieve debt pressure following the slump in uranium prices.

Notable practitioners

David Cowling is an established practitioner in the market, particularly known for his work on contentious insolvency matters. He advised PPB Advisory as the special purpose liquidator of Queensland Nickel in relation to recovery actions with an estimated value of AUD300 million. One client comments that he is "an outstanding restructuring practitioner who has very high capabilities of dealing with very complex matters," another nothing that Cowling is one of the "premier insolvency lawyers in Australia."

Tony Troiani has a market-leading practice in insolvency litigation, with a particular focus on technical insolvency and director duties issues for clients including Westpac and Ferrier Hodgson. One client comments: "He has an ability to explain complexity clearly, succinctly and simply, and to lead banks and take them on the journey; he's an excellent restructuring and insolvency litigator."

Tim Klineberg has a distinguished reputation in the market for working on high-profile restructuring and insolvency mandates, including advising National Australia Bank and a syndicate of 34 financiers in relation to approximately AUD2.8 billion owed to them by the Arrium Group. One client notes: "Tim Klineberg has impressed us with both his restructuring expertise and also his ability to handle complex intercreditor arrangements," another adding: "He's got a great legal knowledge, is extremely approachable and understands the need for commerciality."

Philip Pan practises across restructuring and insolvency, with a focus on the mining, agriculture, property, retail and manufacturing sectors, and has a reputation as a leading practitioner in the Brisbane market. His clients include administrators, liquidators, creditors and insolvency practitioners.

Department profile by King & Wood Mallesons

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MinterEllison - Restructuring/Insolvency

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Band 1

第一等

Commentary from the Chambers Asia-Pacific guide

What the team is known for  Specialist expertise in multi-jurisdictional insolvency matters and handles bankruptcies, creditor claims, distressed debt trading and receiverships. Acts for a plethora of major banks and accounting firms and also has extensive experience in managed investment schemes. Offers a consistent service nationwide, with restructuring lawyers in Melbourne, Sydney, Brisbane, Adelaide and Perth.

Strengths  Clients praise the department for its consistent and balanced service, one saying: "Minters are a great combination of technical expertise and commerciality, and their restructuring/insolvency team is well supported by other parts of the firm with subject matter expertise."

Another client notes: "I think they're extremely responsive, technically they're excellent, they provide fresh, innovative thinking and their legal analyses are spot-on."

Work highlights  Acted for McGrathNicol, the voluntary administrators of the BrisConnections Group, in relation to the group's AUD3 billion debt to a banking syndicate and its AUD1 billion of equity holders.

Acted for Ferrier Hodgson in its capacity as liquidators appointed to Australian Institute of Professional Education, which had been one of Australia's largest private colleges prior to its collapse.

Notable practitioners

Head of department Michael Hughes specialises in restructuring and insolvency litigation. He acted for SingTel Optus on a long-running dispute with the liquidators of Bill Express who had commenced proceedings in the Supreme Court of Victoria for the recovery of alleged unfair preferences in the value of AUD156 million from three Optus entities. Clients describe him as "a go-to lawyer on bet-the-farm type litigation in the insolvency and restructuring arena," and note: "I have no hesitation in recommending Michael as an outstanding lawyer who navigates complex legal issues with commerciality and a balanced, collaborative approach."

Brendon Watkins practises across all aspects of insolvency, reconstructions, workouts and formal appointments, acting for banks and insolvency practitioners. One client says: "He's a really good guy to deal with, very well respected, technically very sharp and he's been around long enough to deal with the important points and not waste time." He assisted PPB Advisory as the receivers and managers for Burrup Fertilisers, with a bank debt that exceeded AUD900 million.

Nick Anson has a focus on insolvency litigation, acting for lenders, insolvency practitioners, directors, debtors and creditors. He was engaged by Sonic Healthcare in relation to a dispute with the liquidators of Millennium Management concerning the acquisition of medical centres from Millennium. A client comments: "He has been very impressive in his ability to get directly to the material issues, to pull everyone back out of the weeds when discussions start heading in the wrong direction and to challenge propositions put forward by others."

Caitlin Murray advises financial institutions, lenders, creditors and insolvency practitioners on workouts, reorganisations and recoveries. A client describes her as "very tenacious and very outcome-oriented, very focused on what the client needs and what the end result is." She assisted PPB Advisory as the voluntary administrators of eight entities in the Allphones Group.

Department profile by MinterEllison

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Arnold Bloch Leibler - Restructuring/Insolvency

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Band 2

第二等

Commentary from the Chambers Asia-Pacific guide

What the team is known for  Strong relationships with insolvency practitioners, who value its approach to contentious and sensitive matters. Significant work for non-listed as well as listed companies involved in cross-border insolvency issues and counts a range of stakeholders among its clientele including hedge funds, private equity houses and foreign banks. Particularly focuses on complicated, high-profile insolvencies and restructurings, including appearances before the Supreme Court and Federal Court.

Strengths  The department is widely praised for the quality of its advice. One client notes: "They're extremely intelligent, they understand all the issues and they have a high level of partner involvement," adding: "The depth in Arnold Bloch Leibler is super-impressive, the depth of their team is second to none."

Another client describes the team as "trusted advisers, commercial thinkers, entrepreneurial and flexible."

Work highlights  Acted for the joint administrators of the Arrium entities in multiple applications to facilitate the restructure of the Arrium Group and preserve the going-concern value of the Arrium businesses.

Advised PPB Advisory as liquidators of the Gunns Group, in relation to the sale of managed investment scheme assets with a value of approximately AUD600 million.

Notable practitioners

Leon Zwier leads the restructuring and insolvency practice and has an outstanding reputation in the market. Primarily acting on contentious insolvency and recovery matters, he advised the administrators of the Arrium Group in relation to 94 deeds of company arrangement in the AUD4 billion administration. One client comments: "He's incredibly smart, he has an ability to absolutely think outside of the square. He really listens and understands the commercial engagement of the issues and that makes him a great litigator," and another source adds: "He's a god of insolvency, really creative, excellent judgement and eminently regarded."

Jane Sheridan has extensive experience in insolvency matters, advising insolvency practitioners, creditors, boards of directors and parties acquiring assets from insolvent companies. One client comments: "She's incredibly well versed and technical in the area of complex liquidations, very commercial and very strong when it comes to communication and influencing." She acted for KordaMentha as liquidators of the Timbercorp Group, providing strategic advice and defending recovery proceedings.

Department profile by Arnold Bloch Leibler

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Gilbert + Tobin - Restructuring/Insolvency

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Band 2

第二等

Commentary from the Chambers Asia-Pacific guide

What the team is known for  Assists banks, borrowers, investors and directors as well as major insolvency practitioners in all aspects of high-profile insolvency administrations as well as workouts and restructurings. Also advises on distressed debt investing, corporate distress, and related disputes and applications.

Strengths  Clients are impressed by the team's work on restructuring matters, one commenting: "Gilbert + Tobin is a very strong performer: their industry expertise is one of the best in the market and they're very good for restructuring."

Work highlights  Advised KKR, Bis Industries and its directors on the restructuring of the Bis Group's debt facilities of approximately AUD1 billion, issued in both Australian and US dollars.

Advised an ad hoc committee of noteholders to ASX-listed Emeco in connection with its proposed restructure by way of a scheme of arrangement and parallel three-way merger with Orionstone and Andy’s Earthmovers, which involved a dual security trust structure and security over assets in North and South America as well as Australia.

Notable practitioners

Practice group head Dominic Emmett has a widespread reputation as a pre-eminent practitioner in the restructuring and insolvency sphere. He focuses on large, high-profile and complex restructurings, insolvencies and workouts and is described by one client as "Mr Restructuring," while another client comments that "his standard is very high, he has a creative approach to restructuring scenarios and he's a standout in the field." He advised KordaMentha, the administrators of Arrium, in relation to the restructuring of the group and the sale of Moly-Cop, a member of the Arrium Group not in administration.

Department profile by Gilbert + Tobin

In a rapidly changing market, corporate restructures and insolvency are increasingly common, driving considerable activity in this space, with both small and large organisations being severely impacted. Expert legal advice is crucial to ensure the best possible outcomes are achieved during a time of high uncertainty.

The ability to provide timely commercial advice, guidance and support is our strength. Our Restructuring and Insolvency group works closely with our Corporate Advisory, Banking and Infrastructure and Litigation teams to ensure our clients receive a seamless service that meets their requirements and provides the best solution.

We provide pragmatic, commercial and partner–led expertise. The team has extensive experience advising and acting on disputes and applications arising from restructures and workouts, voluntary administrations, liquidations and receiverships.

We advise banks, borrowers, investors and directors, as well as many leading insolvency practitioners on all types of insolvency administrations. We also advise and act for creditors, directors, lenders and investors facing issues arising from corporate insolvency including insolvent trading claims and actions in relation to insolvent transactions.

Our group leader, Dominic Emmett, is consistently ranked as one of Australia’s leading insolvency and restructuring lawyers in major legal directories including Chambers Global for Restructuring/Insolvency.

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We work with independent top tier law firms in other jurisdictions.


Norton Rose Fulbright - Restructuring/Insolvency

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Band 2

第二等

Commentary from the Chambers Asia-Pacific guide

What the team is known for  Depth of expertise in corporate restructures, turnarounds and insolvencies. Cross-border capabilities, especially in insolvency matters concerning entities connected to offshore financial centres, and acts on high-profile corporate collapses and restructurings for global corporations. Also receives substantial instructions from banks, non-bank lenders and insolvency practitioners.

 New Developments  Norton Rose Fulbright merged with Henry Davis York in December 2017.

 Strengths  The team wins praise from clients for its technical prowess, as one comments: "Technically they're very strong, especially on the more complex issues."

Another client says: "They're good: they're responsive, able to progress matters and understand the key issues."

 Work highlights  Advised the Commonwealth Department of Employment on contingent liabilities in relation to the administration of Arrium and any possible restructuring or liquidation.

Acted for Black Diamond regarding the proposed schemes of arrangement and related renounceable rights issue, underwriting agreement and other matters related to implementing the merger between Emeco, Orionstone and Andy's Earthmovers.

 Notable practitioners 

Scott Atkins is a very experienced practitioner who is particularly prominent on cross-border restructuring and insolvency matters. He was engaged by Grant Thornton to advise on the reorganisation of the Centaur Group and the liquidation of its Cayman Islands-based global litigation funders, Centaur Litigation. A client says: "He's a good listener which is always an important trait and he's a good conductor. He's got good people around him and ensures that the right things are happening."

John Martin has experience acting on both domestic and international matters, and is described by one client as a "very technical cross-border person." He assisted the Asian Development Bank and the Republic of the Union of Myanmar in updating and modernising Myanmar's insolvency laws.

Department head Steven Palmer advises creditors, financiers, directors and insolvency practitioners on restructuring and insolvency issues in a variety of sectors, including property, managed investment scheme and transport. One of his clients notes: "Steven is quite an amazing lawyer in terms of his intellect, but also very pragmatic and commercial in terms of advice." He acted for HSBC as collateral agent and administrative agent in the Chapter 11 refinancing of CHC Group in relation to their Australian securities.

Mitchell Mathas has a long-established practice, advising on such issues as the rights and powers of creditors, debtors and directors on insolvent companies and individuals, and on strategies for resolving obligations owed by insolvent companies and individuals. His clients include creditors, directors and insolvency practitioners, and one comments: "He's commercially a very highly regarded operator; he's very outcome-focused and really looks for the best solution for his clients."

Department profile by Norton Rose Fulbright

HDY’s market leading restructuring and insolvency practice is the only recognised Australian practice that provides the comprehensive range of contentious and consensual restructuring services required by their debtor, creditor, special situation and strategic investor, insolvency practitioner and cross border clients. HDY has played a major role in Australia’s most significant and high profile corporate collapses and restructurings over the past few years.

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HDY has Australia's leading cross-border restructuring practice and is a member of the prestigious invitation only INSOL G36 group. John Martin and Scott Atkins are both members of the invitation only International Insolvency Institute. John was recently appointed to the Board of the International Insolvency Institute and was technical co-chair of the 2017 INSOL quadrennial congress. Scott is a board member of INSOL International and was Australian's first INSOL fellow. Many of HDY's other partners and professionals have years of experience practising in recognised cross-border jurisdictions.


Herbert Smith Freehills - Restructuring/Insolvency

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Band 2

第二等

Commentary from the Chambers Asia-Pacific guide

What the team is known for  Global reach and expertise in corporate restructures and turnarounds. Extensive experience across a range of industries including real estate, retail, manufacturing, resources, agribusiness and tourism and has a strong secured lender practice, including the representation of all major banks. Also advises distressed debt funds, special situations funds and other distressed investors.

Strengths  The department receives praise from clients for its solutions-driven attitude, one commenting: "They come up with innovative, practical solutions; we had a very tricky situation to deal with and they came up with some very effective and practical legal solutions to our issues and generated a great result for us."

Another client notes: "They're responsive across the team, they're got the depth and the strategic nous; they did a very good job."

Work highlights  Engaged by Deloitte to act for the voluntary administrators of Retail Adventures, which operated 268 variety discount stores across Australia, employing around 5,000 staff.

Advises Infrastructure Capital Group as secured creditors and KordaMentha as receivers of the operating subsidiaries of ASX-listed Australian Renewable Fuels, in relation to all aspects of the receivership.

Notable practitioners

Peter Smith's practice focuses on corporate reconstruction and insolvency, advising banks, insolvency practitioners and corporate clients. He acted for the Regulator for Environmental Protection in Queensland on the pursuit of the liquidators of Linc Energy to apply funds available in the liquidation to rehabilitate a contaminated site that the liquidators had disclaimed. One of his client comments that "he's very good, very available, always responsive and gives very good advice."

Mark Clifton specialises in corporate restructuring and insolvency, advising administrators, liquidators, receivers, lenders, financiers and bondholders. He assisted Allegro Funds with the acquisition of JSW Australia from administration, and one client notes: "He's very good technically and also practically; his strengths are his technicality and his commercialness."

Konrad de Kerloy advises lenders on contentious and non-contentious insolvency and debt restructuring matters. He acted for ANZ and the former receivers for Yara Pilbara Fertilisers' ammonia plant and shares held by Pankaj Oswal and his wife in Yara Pilbara Holdings in relation to disputes around the sale of the Oswals' shares as a result of the receivership and recovery proceedings brought against the Oswals by Yara Pilbara Fertilisers.

John Nestel leads the firm's restructuring practice and has experience across various practice areas, including corporate and project and structured finance, as well as restructuring and insolvency. He advised senior lenders to BIS Industries in relation to the restructuring of AUD900 million senior finance debt and USD400 million subordinated finance debt.

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Baker McKenzie - Restructuring/Insolvency

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Band 3

第三等

Commentary from the Chambers Asia-Pacific guide

What the team is known for  Ability to bring regional and global resources to bear on complex cross-border corporate insolvencies and restructures. Litigation expertise that ensures consistent strength in contentious insolvency matters and especially active with respect to Supreme Court of New South Wales litigation. Clients include creditors, debtors and insolvency practitioners.

Strengths  Clients praise the team for its efficiency, one noting: "They're absolutely fantastic, I like the speed of their turnaround and the way they can distil very complex legal issues into short and focused advice around the one or two specific issues."

Another client adds: "They're very good. We appreciate their commercial approach to legal matters and their knowledge of insolvency law is very good."

Work highlights  Advised Emeco Holdings in relation to the implementation of a binding restructuring support agreement with the company's financiers and the shareholders and creditors of Orionstone and Andy's Earthmovers.

Acted for Macquarie Bank and Generation Investment Management as lenders to commercial glasshouse development Maria's Farm Veggies following its entry into voluntary administration.

Notable practitioners

Maria O'Brien leads Baker McKenzie's restructuring and insolvency group in Australia and works on both contentious and non-contentious insolvency matters. She was engaged by KordaMentha to assist on various day-to-day aspects on the administration of Arrium, including property and equipment finance matters, offshore issues and vendor due diligence in relation to the sale of Moly-Cop. A client comments: "She has an amazing work ethic, she's always available, meets deadlines, always looks out for the client, she has high attention to detail and is great with the courts."

David Walter's clients include creditors, insolvency practitioners, trustee companies and bidders for distressed companies. In one work highlight he advised Australia Capital Financial Management and McGrathNicol as the receivers in relation to a complex, real estate-focused receivership. A client notes: "The thing we like is that he understands how deals work, he talks in the language of deals and he thinks like an investor. He goes beyond pure insolvency and thinks ahead to other options down the track regarding restructuring."

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Corrs Chambers Westgarth - Restructuring/Insolvency

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Band 3

第三等

Commentary from the Chambers Asia-Pacific guide

What the team is known for  Litigation expertise and effective handling of securities enforcements. Deploys industry knowledge on restructurings, insolvencies and workouts in the mining, real estate and financial services sectors. Clients include overseas hedge funds and private equity houses, as well as leading advisory practitioners in restructuring and insolvency.

Strengths  Clients appreciate the department's full-service offering and nationwide coverage, one commenting: "They're a very solid firm with good expertise in the insolvency space; they've got a bigger firm and they can back you up in different areas."

Another client draws attention to the firm's broader expertise, saying: "The 'one-stop shop' offered by Corrs is a fantastic offering which is another significant reason I engage Corrs on matters."

Work highlights  Engaged by US asset management firm Black Crane Capital to advise in relation to the proposed three-way merger between Emeco, Orionstone and Andy's Earthmovers, involving the restructure of a portion of Emeco's bonds.

Acted for McGrathNicol as the receivers and managers of Midwest Vanadium, a vanadium producer with over AUD500 million of outstanding debt, including USD335 million in secured senior notes.

Notable practitioners

Jason Salman is the co-head of the restructuring and insolvency practice, and one client notes of him: "He's probably the most financially literate lawyer I've dealt with in Australia. He understands things from a restructuring perspective and uses his overseas experience to bring novel solutions." He assisted PPB Advisory as the liquidators of the Bandana Energy Group in relation to contracts regarding proposed developments of coal mines by Bandana.

Cameron Cheetham joined Corrs Chambers Westgarth from Henry Davis York in August 2017. His practice focuses on restructuring and insolvency matters and related contentious issues, and one client notes: "He has a highly practical approach, a good knowledge of restructuring, and an ability to then apply this to banking and finance documents at the outset."

Sam Delaney has a particular focus on insolvency and commercial litigation, and he represented GSO Capital Partners, an alternative capital provider, in Federal Court proceedings brought by the administrators of Arrium to determine if GSO's debt claim was secured or unsecured. A client comments: "He provides outstanding commercial advice; he cuts to the heart of the legal issues and applies that thinking to develop commercial solutions and find a clear path."

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Johnson Winter & Slattery - Restructuring/Insolvency

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Band 3

第三等

Commentary from the Chambers Asia-Pacific guide

What the team is known for  Skilled practitioners handling all aspects of restructurings, workouts and insolvency matters, with an established focus on assisting distressed debtors. Also offers related debt finance, tax and litigation expertise in industries such as energy and natural resources. Does not appear on bank panels so as to provide maximum protection to borrower clients.

Strengths  Clients appreciate the level of dedication from the team, saying: "They exceeded expectations; they went the extra mile, doing what it took to work through issues," adding: "They're very good in the litigation area, they're very commercial and very experienced."

Another client notes: "The thing which really differentiates their practice is the amount of partner time and partner attention for the client."

Work highlights  Advised the liquidators of the predominantly Queensland-based Linc Energy on the administration process and issues arising thereof, including litigation proceedings.

Acted for PPB Advisory in its role as liquidators of RiverCity regarding litigation and related administration proceedings in the Federal Court, with claims and cross-claims of AUD210 million and AUD600 million respectively.

Notable practitioners

David Proudman represents borrowers and insolvency practitioners in relation to all aspects of restructuring and insolvency. A client comments: "He's good because he doesn't work for the banks so he's not so conflicted, and he has as good a knowledge as anyone in the country in this area. In terms of debtor-only work, I don't know anyone who's better than him." He was engaged by PPB Advisory in relation to the liquidation of Black Oak Minerals.

Joseph Scarcella is an experienced practitioner with a focus on insolvency administrations, security enforcement, insolvency-related litigation and restructuring techniques and workouts. A client comments that "he's an individual who takes control of the matter," adding: "He's very strategic; he's conscious of my position, not bogging me down with all the minutiae while keeping me up to date."

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K&L Gates - Restructuring/Insolvency

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Band 3

第三等

Commentary from the Chambers Asia-Pacific guide

What the team is known for  Complete insolvency and restructuring offering. Broad client base consisting of major industry players including many of the big banks and insolvency firms as well as assisting corporates in financial distress. Able to draw upon wider expertise from the firm's global presence and to scale up its offering to service multinational mandates.

Strengths  Clients praise the team for its pragmatism, one noting: "They're quite flexible in their approach, they're good at getting the right lawyers involved for the right questions, and they're very dynamic."

Another client adds: "They are very proactive and commercial."

Work highlights  Engaged by Bentleys Chartered Accountants as the administrators to the Keystone Group, advising on various matters arising from the company's entry into receivership including the sale of a number of high-profile trading venues.

Acted for the liquidator of Hobbs Schemes in relation to the winding up of a number of unregistered management investment schemes which had received over USD180 million in investor funds.

Notable practitioners

Head of department Jason Opperman has broad experience in restructuring and insolvency, one client commenting: "His approach is extremely pragmatic and commercial, and he combines that with a depth of legal expertise which is a really great blend of skills." He acted for PPB Advisory, the appointed receivers and managers to several companies within the collapsed BBY Group.

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Dentons - Restructuring/Insolvency

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Band 4

第四等

Commentary from the Chambers Asia-Pacific guide

What the team is known for  Respected practitioners offering broad restructuring and insolvency expertise to major banks, insolvency practitioners and financiers. Particularly experienced in administrations and liquidations, as well as multi-jurisdictional bankruptcies, insolvencies and restructurings.

Strengths  One client praises the team's consistency, saying: "Their advice is always very sound, they're a good commercial advisory group as well as legal, and that really helps guide us."

Another source agrees: "They're a very reliable, safe pair of hands and the firm has a nice feel and culture about it."

Work highlights  Engaged by UniCredit, ING and Caterpillar Financial Services in relation to the restructuring of ASX-listed Wolf Minerals and its UK subsidiary.

Advised the liquidators of ASX-listed Medivac in relation to all aspects of the AUD10 million liquidation.

Notable practitioners

Justin Bates leads the Dentons restructuring and insolvency practice, mainly acting for banks and receivers as well as liquidators and administrators. He assisted Marlene Weinstein, a US-based trustee in bankruptcy, in seeking an order that the proceeding of a US Bankruptcy Court be recognised in Australia as a foreign proceeding. One client notes: "He provides good and technical advice; he is prepared to provide recommendations and is accessible to discuss matters at short notice."

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Jones Day - Restructuring/Insolvency

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Band 4

第四等

Commentary from the Chambers Asia-Pacific guide

What the team is known for  Offers a range of services across the restructuring and insolvency spectrum, on both a consensual basis and through formal insolvency proceedings, including schemes of arrangement, receiverships, liquidations and administrations. Particularly focused on cross-border insolvency and restructuring matters, including the use of the US Bankruptcy Code to gain relief in Australian insolvencies.

Strengths  Clients see the team as a strong new entrant into the Australian restructuring and insolvency market, taking a dynamic and flexible approach to client service.

Work highlights  Advised the Insurance Commission of Western Australia and Western Australia State Solicitors Office in relation to a number of pieces of litigation relating to the AUD1.8 billion liquidation of the Bell Group.

Engaged by the voluntary administrators of Payless Shoes, an insolvent company with annual sales of AUD75 million, to advise regarding any official appointment taken by them.

Notable practitioners

Roger Dobson is a well-established figure in the market, representing liquidators, administrators, receivers, major banking syndicates and offshore funds holding debt positions. He assisted the receivers of NewSat in seeking damages against the directors of the company relating to defaulted loans in excess of USD300 million. A client notes: "He's a very experienced practitioner and a commercial person; he's got a great sense of what's realistic in terms of cost-benefits and he's very focused on that."

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DibbsBarker - Restructuring/Insolvency

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Band 5

第五等

Commentary from the Chambers Asia-Pacific guide

What the team is known for  Focuses on restructuring and insolvency matters in the agribusiness and property sectors, particularly those which involve reputational risk, and also on commercial recovery matters. Clients include banks, financial institutions and insolvency practitioners.

Strengths  Clients appreciate the level of service they receive from the team, saying that "they are technically brilliant, have great depth of talent and are efficient."

Another client describes the department as "very commercial and very approachable."

Work highlights  Acted for Wet Fix Holdings in opposing a winding-up application, following which winding-up proceedings were entirely dismissed.

Notable practitioners

John Stragalinos has a wide-ranging practice, acting for banks, corporates, administrators, liquidators and creditors. One client praises his "technical capability, commercial nous and general ease of doing business." Another client notes: "He's able to listen and consider a particular matter with all the options that are open, so you can have a very frank discussion with him about what to do."

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Gadens - Restructuring/Insolvency

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Band 5

第五等

Commentary from the Chambers Asia-Pacific guide

What the team is known for  A broad range of experience catering predominantly to the SME market. Provides insolvency advice to banks, administrators, liquidators and corporate clients and handles related litigation, on matters including retail, commercial and corporate recovery and restructuring work.

Strengths  A client notes of the team: "One particular strength is how proactive they are, on legal advice and also on little things such as when you have a settlement due, they make sure you have all the relevant papers and let you know if anything needs to be done."

Work highlights  Acted for BDO, the court-appointed receiver of registered management investment scheme LM First Mortgage Income Fund, including proceedings in the Supreme Court of Queensland and the Federal Court.

Acted for a financier which was a secured creditor in the liquidation of a group of companies, whereby funds recovered by the liquidator were subject to the financier's security. Recovered assets were valued at AUD5.1 million.

Notable practitioners

Robert Hinton in Melbourne and Scott Couper in Brisbane are key contacts.

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Kemp Strang - Restructuring/Insolvency

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Band 5

第五等

Commentary from the Chambers Asia-Pacific guide

What the team is known for  Well-established capabilities in restructuring and insolvency matters surrounding secured credit. Handles all aspects of restructuring and insolvency matters for key banks and insolvency practitioners in the SME space. Especially notable track record in the financial services and insolvency sectors, appearing on the panels of the four major Australian banks.

Strengths  The team gains praise for its diversity of skills, one client commenting: "They have a good depth of experience across the whole team; they've got a lot of people with different expertise to help out."

Work highlights  Acted for Wenman Brimak in defending recovery claims brought in the Supreme Court of New South Wales.

Acted for Bingo Waste Services in Supreme Court of New South Wales proceedings in which it was pursued by a liquidator seeking to recover money on the grounds that the payments were preferences.

Notable practitioners

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Maddocks - Restructuring/Insolvency

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Band 5

第五等

Commentary from the Chambers Asia-Pacific guide

What the team is known for  Deep experience across liquidations, workouts and related disputes. Offers expertise in a range of industries, including the real estate, pharmaceutical and agricultural sectors. Clients include major banks, insolvency practitioners, administrators, liquidators, creditors and debtors.

Strengths  One client comments: "The people are highly knowledgeable, they're well researched, absolutely professional and they get the job done."

Another client notes that the firm gives "good, commercial advice."

Work highlights  Acted for Société des Mines de la Tontouta, a major creditor of the insolvent Queensland Nickel, in relation to the payment of outstanding debts totalling in excess of AUD20 million.

Advised Ferrier Hodgson in its capacity as voluntary administrators of the Sage Institute of Fitness, advising on all aspects of the AUD15 million administration.

Notable practitioners

David Newman has a broad practice, acting for administrators, liquidators and secured lenders on all aspects of corporate insolvency, and advises companies and directors regarding their duties in the face of insolvency. He acted for the owners of Aarons Outdoor Group regarding the restructure of relevant entities through a deed of company arrangement. One client comments: "He's a very commercial guy, he's smart and commercial."

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Mills Oakley - Restructuring/Insolvency

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Band 5

第五等

Commentary from the Chambers Asia-Pacific guide

What the team is known for  Covers a wide range of restructuring and insolvency-related issues, including priority and perfection disputes, employee entitlement arrangements, debt and equity restructures and the administration of managed investment scheme interest. Clients include insolvency practitioners, creditors and directors.

Strengths  One client describes the experience of working with the team as "very good, from the partner level down to their administration team," adding: "I have only had good experiences and results working with the team; I am always confident when I refer a legal matter to them."

Another client notes: "They're very, very quick to respond and always look for alternatives without prompting."

Work highlights  Engaged by KordaMentha in relation to the liquidation of Timbercorp Finance, in particular to the recovery of Timbercorp's loan book.

Advised Grant Thornton Australia in relation to various aspects of the administration and receivership of AED, a listed oil producer with three oilfields off the north coast of Western Australia and the Northern Territory that it operates under a joint venture with Sinopec.

Notable practitioners

Stuart Lewin acts for lenders, creditors, companies and directors on a large range of restructuring and insolvency matters. He assisted Great American Group in its bid to realise the stock of Masters Home Improvement's hardware stores during the wind-down of Masters' Australian business. A client notes: "He's very smart, very cunning and he'll line people up for a commercial outcome."

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Star Individuals

Gilbert + Tobin

From the Chambers Asia-Pacific guide

Practice group head Dominic Emmett has a widespread reputation as a pre-eminent practitioner in the restructuring and insolvency sphere. He focuses on large, high-profile and complex restructurings, insolvencies and workouts and is described by one client as "Mr Restructuring," while another client comments that "his standard is very high, he has a creative approach to restructuring scenarios and he's a standout in the field." He advised KordaMentha, the administrators of Arrium, in relation to the restructuring of the group and the sale of Moly-Cop, a member of the Arrium Group not in administration.

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Star Individuals

Ashurst

From the Chambers Asia-Pacific guide

James Marshall is an outstanding figure in the market, focusing on complex and high-profile restructurings, the management of credit risk and distressed mergers and acquisitions. He advised Boart Longyear, an ASX-listed global mineral exploration company, in relation to restructuring negotiations with the company's US-based lenders. Clients describe him as "one of the top restructuring lawyers" and "one of the top five lawyers in Australia," with one saying: "He's been exceptional. He has a great technical capability but also thinks outside the box and has great creativity; he looks for solutions and is very commercial and is always there when he needs to be."

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Star Individuals

Arnold Bloch Leibler

From the Chambers Asia-Pacific guide

Leon Zwier leads the restructuring and insolvency practice and has an outstanding reputation in the market. Primarily acting on contentious insolvency and recovery matters, he advised the administrators of the Arrium Group in relation to 94 deeds of company arrangement in the AUD4 billion administration. One client comments: "He's incredibly smart, he has an ability to absolutely think outside of the square. He really listens and understands the commercial engagement of the issues and that makes him a great litigator," and another source adds: "He's a god of insolvency, really creative, excellent judgement and eminently regarded."

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Band 1

Norton Rose Fulbright

From the Chambers Asia-Pacific guide

Scott Atkins is a very experienced practitioner who is particularly prominent on cross-border restructuring and insolvency matters. He was engaged by Grant Thornton to advise on the reorganisation of the Centaur Group and the liquidation of its Cayman Islands-based global litigation funders, Centaur Litigation. A client says: "He's a good listener which is always an important trait and he's a good conductor. He's got good people around him and ensures that the right things are happening."

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Band 1

King & Wood Mallesons

From the Chambers Asia-Pacific guide

David Cowling is an established practitioner in the market, particularly known for his work on contentious insolvency matters. He advised PPB Advisory as the special purpose liquidator of Queensland Nickel in relation to recovery actions with an estimated value of AUD300 million. One client comments that he is "an outstanding restructuring practitioner who has very high capabilities of dealing with very complex matters," another nothing that Cowling is one of the "premier insolvency lawyers in Australia."

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Band 1

Jones Day

From the Chambers Asia-Pacific guide

Roger Dobson is a well-established figure in the market, representing liquidators, administrators, receivers, major banking syndicates and offshore funds holding debt positions. He assisted the receivers of NewSat in seeking damages against the directors of the company relating to defaulted loans in excess of USD300 million. A client notes: "He's a very experienced practitioner and a commercial person; he's got a great sense of what's realistic in terms of cost-benefits and he's very focused on that."

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Band 1

Allens

From the Chambers Asia-Pacific guide

Clint Hinchen is a deeply experienced practitioner, operating in restructuring and workouts, the management of non-performing assets and insolvency litigation. A client describes working with him as "a very enjoyable experience," adding that "he's across the issues, thinking of them ahead of the game; he's very proactive rather than reactive."

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Band 1

MinterEllison

From the Chambers Asia-Pacific guide

Head of department Michael Hughes specialises in restructuring and insolvency litigation. He acted for SingTel Optus on a long-running dispute with the liquidators of Bill Express who had commenced proceedings in the Supreme Court of Victoria for the recovery of alleged unfair preferences in the value of AUD156 million from three Optus entities. Clients describe him as "a go-to lawyer on bet-the-farm type litigation in the insolvency and restructuring arena," and note: "I have no hesitation in recommending Michael as an outstanding lawyer who navigates complex legal issues with commerciality and a balanced, collaborative approach."

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Band 1

Ashurst

From the Chambers Asia-Pacific guide

Department head Ross McClymont specialises in advising financiers, directors and insolvency administrators regarding insolvency law, and was engaged by a lending syndicate comprising Westpac, NAB, RBS and others in relation to a creditors' scheme of arrangement for Slater & Gordon. A client notes that "he's extremely pragmatic in his approach, he understands the need to not get too legalistic in his approach."

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Band 1

Baker McKenzie

From the Chambers Asia-Pacific guide

Maria O'Brien leads Baker McKenzie's restructuring and insolvency group in Australia and works on both contentious and non-contentious insolvency matters. She was engaged by KordaMentha to assist on various day-to-day aspects on the administration of Arrium, including property and equipment finance matters, offshore issues and vendor due diligence in relation to the sale of Moly-Cop. A client comments: "She has an amazing work ethic, she's always available, meets deadlines, always looks out for the client, she has high attention to detail and is great with the courts."

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Band 1

King & Wood Mallesons

From the Chambers Asia-Pacific guide

Tony Troiani has a market-leading practice in insolvency litigation, with a particular focus on technical insolvency and director duties issues for clients including Westpac and Ferrier Hodgson. One client comments: "He has an ability to explain complexity clearly, succinctly and simply, and to lead banks and take them on the journey; he's an excellent restructuring and insolvency litigator."

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Band 1

MinterEllison

From the Chambers Asia-Pacific guide

Brendon Watkins practises across all aspects of insolvency, reconstructions, workouts and formal appointments, acting for banks and insolvency practitioners. One client says: "He's a really good guy to deal with, very well respected, technically very sharp and he's been around long enough to deal with the important points and not waste time." He assisted PPB Advisory as the receivers and managers for Burrup Fertilisers, with a bank debt that exceeded AUD900 million.

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Band 2

Clayton Utz

From the Chambers Asia-Pacific guide

Jennifer Ball is highly experienced in the restructuring and insolvency area, practising across all areas of restructuring, insolvency and commercial litigation. She advised the board of directors of Arrium in relation to the company's recapitalisation plan and its formal administration.

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Band 2

Clayton Utz

From the Chambers Asia-Pacific guide

Cameron Belyea specialises in contested debt and capital restructuring, complex insolvencies and litigation. He advised Karara Mining on the company's recapitalisation and maintenance of capital project with the support of the company's PRC-based lenders. One client notes that he is "a very commercial lawyer who looks for commercial solutions while ensuring we are always aware of the legal risks."

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Band 2

King & Wood Mallesons

From the Chambers Asia-Pacific guide

Tim Klineberg has a distinguished reputation in the market for working on high-profile restructuring and insolvency mandates, including advising National Australia Bank and a syndicate of 34 financiers in relation to approximately AUD2.8 billion owed to them by the Arrium Group. One client notes: "Tim Klineberg has impressed us with both his restructuring expertise and also his ability to handle complex intercreditor arrangements," another adding: "He's got a great legal knowledge, is extremely approachable and understands the need for commerciality."

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Band 2

Norton Rose Fulbright

From the Chambers Asia-Pacific guide

John Martin has experience acting on both domestic and international matters, and is described by one client as a "very technical cross-border person." He assisted the Asian Development Bank and the Republic of the Union of Myanmar in updating and modernising Myanmar's insolvency laws.

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Band 2

Clayton Utz

From the Chambers Asia-Pacific guide

Orla McCoy is an established restructuring and insolvency practitioner with both domestic and international expertise. She advised Pacific Road as secured creditor and shareholder with regard to the voluntary administration and restructure of Carbon Energy, and one client comments that "she's incredibly diligent and focused on ensuring every detail is appropriately managed."

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Band 2

Clayton Utz

From the Chambers Asia-Pacific guide

Karen O'Flynn is the head of the Clayton Utz restructuring and insolvency practice and specialises in commercial insolvency and restructuring litigation. She advised McGrathNicol as the administrators in relation to the voluntary administration of Pumpkin Patch, and one client says: "She's lovely to work with and I feel like I'm in very capable hands with her."

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Band 2

Norton Rose Fulbright

From the Chambers Asia-Pacific guide

Department head Steven Palmer advises creditors, financiers, directors and insolvency practitioners on restructuring and insolvency issues in a variety of sectors, including property, managed investment scheme and transport. One of his clients notes: "Steven is quite an amazing lawyer in terms of his intellect, but also very pragmatic and commercial in terms of advice." He acted for HSBC as collateral agent and administrative agent in the Chapter 11 refinancing of CHC Group in relation to their Australian securities.

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Band 2

King & Wood Mallesons

From the Chambers Asia-Pacific guide

Philip Pan practises across restructuring and insolvency, with a focus on the mining, agriculture, property, retail and manufacturing sectors, and has a reputation as a leading practitioner in the Brisbane market. His clients include administrators, liquidators, creditors and insolvency practitioners.

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Band 2

Allens

From the Chambers Asia-Pacific guide

Alf Pappalardo is described by a client as "the best insolvency lawyer in Brisbane," the client going on to say that "he's a very strong communicator and he looks for solutions that don't involve three-week trials; he tries to find compromises rather than just being entirely litigious." He acts for a variety of insolvency practitioners on receiverships, liquidations, administrations and schemes of arrangement, and he assisted EY as the voluntary administrators of Kurtz Transport.

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Band 2

Johnson Winter & Slattery

From the Chambers Asia-Pacific guide

David Proudman represents borrowers and insolvency practitioners in relation to all aspects of restructuring and insolvency. A client comments: "He's good because he doesn't work for the banks so he's not so conflicted, and he has as good a knowledge as anyone in the country in this area. In terms of debtor-only work, I don't know anyone who's better than him." He was engaged by PPB Advisory in relation to the liquidation of Black Oak Minerals.

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Band 2

Allens

From the Chambers Asia-Pacific guide

Geoff Rankin has a wealth of experience advising banks, unsecured creditors, receivers, administrators and liquidators on a full range of restructuring and insolvency issues. A client describes him as "always available, very responsive and good on difficult issues," and he advised KordaMentha on all aspects of the receivership of Prime Retirement Group.

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Band 2

Ashurst

From the Chambers Asia-Pacific guide

Tony Ryan practises across a wide spectrum, including complex insolvency, distressed debt and restructuring, and advised KordaMentha with regard to its role as receivers and managers of the Pumpkin Patch group. A client describes him as "incredibly knowledgeable and an excellent technical lawyer," adding that "he's very generous with his time and has a broad technical knowledge across the various areas."

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Band 2

Corrs Chambers Westgarth

From the Chambers Asia-Pacific guide

Jason Salman is the co-head of the restructuring and insolvency practice, and one client notes of him: "He's probably the most financially literate lawyer I've dealt with in Australia. He understands things from a restructuring perspective and uses his overseas experience to bring novel solutions." He assisted PPB Advisory as the liquidators of the Bandana Energy Group in relation to contracts regarding proposed developments of coal mines by Bandana.

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Band 2

Ashurst

From the Chambers Asia-Pacific guide

Michael Sloan advises clients on complicated restructuring and insolvencies, on both domestic and cross-border matters, including assisting National Australia Bank as the secured creditor of the insolvent entity Home Australia Group. One client comments: "He's a very thoughtful person and very careful in formulating propositions."

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Band 2

Herbert Smith Freehills

From the Chambers Asia-Pacific guide

Peter Smith's practice focuses on corporate reconstruction and insolvency, advising banks, insolvency practitioners and corporate clients. He acted for the Regulator for Environmental Protection in Queensland on the pursuit of the liquidators of Linc Energy to apply funds available in the liquidation to rehabilitate a contaminated site that the liquidators had disclaimed. One of his client comments that "he's very good, very available, always responsive and gives very good advice."

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Band 2

DibbsBarker

From the Chambers Asia-Pacific guide

John Stragalinos has a wide-ranging practice, acting for banks, corporates, administrators, liquidators and creditors. One client praises his "technical capability, commercial nous and general ease of doing business." Another client notes: "He's able to listen and consider a particular matter with all the options that are open, so you can have a very frank discussion with him about what to do."

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Band 2

Brian Ward & Partners

From the Chambers Asia-Pacific guide

Ian Walker is the head of the restructuring and insolvency department at Brian Ward & Partners. He has a wealth of experience in the Australian market, where he focuses on workouts, insolvencies and the enforcement of securities.

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Band 3

Dentons

From the Chambers Asia-Pacific guide

Justin Bates leads the Dentons restructuring and insolvency practice, mainly acting for banks and receivers as well as liquidators and administrators. He assisted Marlene Weinstein, a US-based trustee in bankruptcy, in seeking an order that the proceeding of a US Bankruptcy Court be recognised in Australia as a foreign proceeding. One client notes: "He provides good and technical advice; he is prepared to provide recommendations and is accessible to discuss matters at short notice."

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Band 3

Allens

From the Chambers Asia-Pacific guide

Philip Blaxill is an established operator in the market, advising creditors, debtors, insolvency practitioners and financial institutions regarding rights and obligations where a borrower has entered into financial distress. He was engaged by Ferrier Hodgson who were appointed as the receivers and managers of the assets of KBL Mining by Quintana Mineral Hill Streaming.

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Band 3

Corrs Chambers Westgarth

From the Chambers Asia-Pacific guide

Cameron Cheetham joined Corrs Chambers Westgarth from Henry Davis York in August 2017. His practice focuses on restructuring and insolvency matters and related contentious issues, and one client notes: "He has a highly practical approach, a good knowledge of restructuring, and an ability to then apply this to banking and finance documents at the outset."

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Band 3

Allens

From the Chambers Asia-Pacific guide

Tania Cini practises in corporate insolvency and restructuring, representing insolvency administrators, financiers and hedge funds in relation to corporate collapses and restructuring. An impressed client says: "She provides balanced and commercial advice and is very client-focused."

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Band 3

Herbert Smith Freehills

From the Chambers Asia-Pacific guide

Mark Clifton specialises in corporate restructuring and insolvency, advising administrators, liquidators, receivers, lenders, financiers and bondholders. He assisted Allegro Funds with the acquisition of JSW Australia from administration, and one client notes: "He's very good technically and also practically; his strengths are his technicality and his commercialness."

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Band 3

Herbert Smith Freehills

From the Chambers Asia-Pacific guide

Konrad de Kerloy advises lenders on contentious and non-contentious insolvency and debt restructuring matters. He acted for ANZ and the former receivers for Yara Pilbara Fertilisers' ammonia plant and shares held by Pankaj Oswal and his wife in Yara Pilbara Holdings in relation to disputes around the sale of the Oswals' shares as a result of the receivership and recovery proceedings brought against the Oswals by Yara Pilbara Fertilisers.

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Band 3

Corrs Chambers Westgarth

From the Chambers Asia-Pacific guide

Sam Delaney has a particular focus on insolvency and commercial litigation, and he represented GSO Capital Partners, an alternative capital provider, in Federal Court proceedings brought by the administrators of Arrium to determine if GSO's debt claim was secured or unsecured. A client comments: "He provides outstanding commercial advice; he cuts to the heart of the legal issues and applies that thinking to develop commercial solutions and find a clear path."

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Band 3

Hogan Lovells International LLP

From the Chambers Asia-Pacific guide

Scott Harris leads the restructuring and insolvency practice at Hogan Lovells International LLP and counts financial institutions, funds, bondholders, debtors and insolvency practitioners among his clients. One client describes him as "extremely strong on technical issues and negotiation." He advised Signal Brands in relation to its distressed exposure to the Busby Group, Signal's distributor of leather goods in Australia and New Zealand. Signal subsequently acquired Busby.

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Band 3

Colin Biggers & Paisley

From the Chambers Asia-Pacific guide

Scott Hedge of Colin Biggers & Paisley focuses his practice on advising directors and insolvency practitioners on matters in which independence from the major banks is required. He was engaged by McGrathNicol in its capacity as liquidators of Dick Smith to advise in relation to its investigation and related litigation. A client comments: "He's very intellectually smart but in the same measure very practical and commercial in terms of getting things done in the simplest and quickest way."

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Band 3

Clayton Utz

From the Chambers Asia-Pacific guide

Paul James leads the insolvency practice at Clayton Utz's Melbourne office and has a particular focus on complex restructuring and insolvency matters. A client notes: "I find him to be very good; he's pretty matter-of-fact, gets straight to the point and looks at what's in the best interest of his clients, finding a solution in a very practical way."

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Band 3

Mills Oakley

From the Chambers Asia-Pacific guide

Stuart Lewin acts for lenders, creditors, companies and directors on a large range of restructuring and insolvency matters. He assisted Great American Group in its bid to realise the stock of Masters Home Improvement's hardware stores during the wind-down of Masters' Australian business. A client notes: "He's very smart, very cunning and he'll line people up for a commercial outcome."

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Band 3

Henry William Lawyers

From the Chambers Asia-Pacific guide

Alex Linden focuses on advising creditors and directors of insolvent entities with regard to their rights and obligations. He also acts for insolvency administrators in a number of substantial administrations, including those of Australis Group and ABC Learning Centres.

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Band 3

Norton Rose Fulbright

From the Chambers Asia-Pacific guide

Mitchell Mathas has a long-established practice, advising on such issues as the rights and powers of creditors, debtors and directors on insolvent companies and individuals, and on strategies for resolving obligations owed by insolvent companies and individuals. His clients include creditors, directors and insolvency practitioners, and one comments: "He's commercially a very highly regarded operator; he's very outcome-focused and really looks for the best solution for his clients."

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Band 3

Herbert Smith Freehills

From the Chambers Asia-Pacific guide

John Nestel leads the firm's restructuring practice and has experience across various practice areas, including corporate and project and structured finance, as well as restructuring and insolvency. He advised senior lenders to BIS Industries in relation to the restructuring of AUD900 million senior finance debt and USD400 million subordinated finance debt.

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Band 3

Maddocks

From the Chambers Asia-Pacific guide

David Newman has a broad practice, acting for administrators, liquidators and secured lenders on all aspects of corporate insolvency, and advises companies and directors regarding their duties in the face of insolvency. He acted for the owners of Aarons Outdoor Group regarding the restructure of relevant entities through a deed of company arrangement. One client comments: "He's a very commercial guy, he's smart and commercial."

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Band 3

K&L Gates

From the Chambers Asia-Pacific guide

Head of department Jason Opperman has broad experience in restructuring and insolvency, one client commenting: "His approach is extremely pragmatic and commercial, and he combines that with a depth of legal expertise which is a really great blend of skills." He acted for PPB Advisory, the appointed receivers and managers to several companies within the collapsed BBY Group.

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Band 3

Clayton Utz

From the Chambers Asia-Pacific guide

Nick Poole's clients include banks, insolvency practitioners and funds, and he has a particular focus on distressed loan asset restructuring. Sources describe him as "a good operator" and "a very good lawyer," with one client commenting: "He did a terrific job and he's got a good team."

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Band 3

Allens

From the Chambers Asia-Pacific guide

Chris Prestwich advises lenders, corporates and insolvency practitioners regarding restructuring and insolvency matters and acted for Ferrier Hodgson as the receivers and managers of the Intergen Group's interest in the Callide C power station. One client says: "He's got good technical skills and is very capable, both technically and commercially."

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Band 3

Clayton Utz

From the Chambers Asia-Pacific guide

Tim Sackar's practice is focused on workouts and debt restructuring. He has international expertise, having previously worked in both London and Hong Kong, and his clients include financial creditors, debtors and sponsors.

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Band 3

Johnson Winter & Slattery

From the Chambers Asia-Pacific guide

Joseph Scarcella is an experienced practitioner with a focus on insolvency administrations, security enforcement, insolvency-related litigation and restructuring techniques and workouts. A client comments that "he's an individual who takes control of the matter," adding: "He's very strategic; he's conscious of my position, not bogging me down with all the minutiae while keeping me up to date."

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Band 3

Arnold Bloch Leibler

From the Chambers Asia-Pacific guide

Jane Sheridan has extensive experience in insolvency matters, advising insolvency practitioners, creditors, boards of directors and parties acquiring assets from insolvent companies. One client comments: "She's incredibly well versed and technical in the area of complex liquidations, very commercial and very strong when it comes to communication and influencing." She acted for KordaMentha as liquidators of the Timbercorp Group, providing strategic advice and defending recovery proceedings.

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Band 3

Allens

From the Chambers Asia-Pacific guide

Ian Wallace is an experienced practitioner with particular expertise in implementing standstill agreements alongside restructurings outside of formal insolvency regimes. His clients include major clients such as ANZ, KordaMentha, PPB and CBA.

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Band 3

Baker McKenzie

From the Chambers Asia-Pacific guide

David Walter's clients include creditors, insolvency practitioners, trustee companies and bidders for distressed companies. In one work highlight he advised Australia Capital Financial Management and McGrathNicol as the receivers in relation to a complex, real estate-focused receivership. A client notes: "The thing we like is that he understands how deals work, he talks in the language of deals and he thinks like an investor. He goes beyond pure insolvency and thinks ahead to other options down the track regarding restructuring."

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Band 3

Allens

From the Chambers Asia-Pacific guide

Matthew Whittle focuses on corporate restructuring and insolvency, advising financial institutions and insolvency practitioners, and acted for McGrathNicol as the liquidators of the Home Australia group. One client comments: "Matthew Whittle has been very impressive. He is exceptionally client-focused, very considered and diligent and has provided first-class advice."

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Up and Coming

MinterEllison

From the Chambers Asia-Pacific guide

Nick Anson has a focus on insolvency litigation, acting for lenders, insolvency practitioners, directors, debtors and creditors. He was engaged by Sonic Healthcare in relation to a dispute with the liquidators of Millennium Management concerning the acquisition of medical centres from Millennium. A client comments: "He has been very impressive in his ability to get directly to the material issues, to pull everyone back out of the weeds when discussions start heading in the wrong direction and to challenge propositions put forward by others."

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Up and Coming

MinterEllison

From the Chambers Asia-Pacific guide

Caitlin Murray advises financial institutions, lenders, creditors and insolvency practitioners on workouts, reorganisations and recoveries. A client describes her as "very tenacious and very outcome-oriented, very focused on what the client needs and what the end result is." She assisted PPB Advisory as the voluntary administrators of eight entities in the Allphones Group.

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Up and Coming

Ashurst

From the Chambers Asia-Pacific guide

Emanuel Poulos focuses his practice on restructuring and turnaround, with many insolvency practitioners as his clients. He advised GE Commercial Corporation as the secured creditor of WDS, and subsequently FTI as the receivers and managers of WDS's secured property.

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