Insolvency

Our team represents financiers, insolvency practitioners and directors in all aspects of insolvency and reconstruction. We work with other specialists in the firm to present a range of solutions to clients affected by financial stress or insolvency. We focus on preserving value in assets and securities and, if necessary, enforcement of security within the framework of formal insolvency regimes.
 
We work with clients in a broad range of industries, but with particular expertise in financial services, insurance and construction. We advise companies and their directors on the most appropriate solutions to their financial position, whether it be assisting in the recovery of large outstanding amounts, or restructuring the business of the company with or without a formal insolvency scheme. We act for insolvency practitioners on liquidations, voluntary administrations and receiverships. We advise major banks and financial institutions on insolvency and debt recovery matters.

Our services include advice and solutions in relation to:

  • bankruptcy
  • breaches of directors' duties
  • debt agreements
  • director penalty notices
  • distressed debt investing
  • liquidation
  • oppression suits
  • priority disputes and security contests
  • receivership
  • reconstructions
  • voluntary administration.
Our team has been involved in many of Australia’s largest insolvencies and reorganisations, including HIH, New Cap Re, James Hardie, Fincorp and Lehman Brothers. We are active members of the Australian Restructuring Insolvency & Turnaround Association, the Inter- Pacific Bar Association, the International Association of Restructuring, Insolvency and Bankruptcy Professionals, the Business Law Council of Australia and the International Womens Insolvency & Restructuring Confederation, as well as the industry generally.
 
Contacts
Partner
T +61 2 8233 9789
 
Recent News and Publications
14 Feb 2018
In early 2017, the Federal Government announced in the 2017-2018 Budget a comprehensive package of reforms to strengthen accountability and competition in the banking sector.
01 Feb 2018
On 14 December 2017, the Governor General established the Royal Commission by finalising its Terms of Reference and appointing former High Court Justice Kenneth Hayne as Commissioner. The pre-disclosure reports from larger organisations in the banking, superannuation and financial services sector were submitted on 29 January 2018. The Royal Commission will convene its first initial public hearing on 12 February 2018.
30 Jan 2018
The January 2018 edition of the Australian Banking & Finance Law Bulletin (a LexisNexis publication) contains an article by Scott Guthrie entitled ‘PPSA - what difference does it make? (Part 2)'.