Restructuring/Insolvency
Asia-Pacific Guide 2024 : Australia
Band 2
Email address
[email protected]Contact number
+61 2 9230 4000About
Provided 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.
Chambers Review
Allens houses a complete restructuring and insolvency offering, fielding experts in workouts and debt trading as well as insolvency litigation and securities enforcement actions. The team operates in a number of sectors including mining, infrastructure and financial services. The firm has extensive experience advising clients, including creditors, borrowers and insolvency practitioners, on high-profile and multi-jurisdictional restructures and insolvencies. Its key clients include PwC, ISPT and Commonwealth Bank of Australia.
Work Highlights
- Allens advised PwC as the court appointed receivers and managers of the assets and undertakings of the Presbyterian Church of Queensland.
Strengths
Provided by Chambers
"They add value by being proactive in providing strategic advice for the current legal risks and for commercial observations that help with prevention. They are a business partner, given the amount of commercial advice they give."
"The highest-grade minds with a strong commercial and agile focus."
"They add value by being proactive in providing strategic advice for the current legal risks and for commercial observations that help with prevention. They are a business partner, given the amount of commercial advice they give."
"The highest-grade minds with a strong commercial and agile focus."
Notable Practitioners
Chris Prestwich is based in Sydney and acts for clients who include lenders, insolvency practitioners and corporates from an impressively varied range of industries, focusing closely, though by no means exclusively, on contentious matters.
"He is very strategic and able to manage high levels of complexity and detail."
Tania Cini is an experienced, Melbourne-based practitioner who regularly advises creditors and insolvency practitioners in relation to financial distress issues arising from a variety of industries and business sectors, including manufacturing, property, resources and transport. Interviewees are quick to identify her capabilities as a litigator.
"Tania promptly and calmly provides effective and commercial legal advice when it is most needed."