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
Senior Associate
T +61 2 8233 9754
 
Recent News and Publications
20 Oct 2017
Earlier this year, the Federal Government announced that it would introduce a new external dispute resolution framework for the banking and finance sector through the establishment of a 'one-stop shop' for all financial complaints, the Australian Financial Complaints Authority (AFCA).
09 Aug 2017
The July 2017 edition of the Financial Services Newsletter (a LexisNexis publication) contains an article by John Stragalinos entitled ‘Insolvent trading – safe harbour is on the way but what should directors do today if faced with financial difficulty?’
08 Aug 2017
Electronic conveyancing commenced in NSW in 2013, allowing (but not requiring) lenders to electronically lodge mortgages and discharges of mortgages through Property Exchange Australia (PEXA).