Skip to content
3
Asia-Pacific 2022
Australia Restructuring/Insolvency
3
Band 3

2 Ranked Lawyers

Chambers Review

Provided by Chambers
Restructuring/Insolvency - Australia
3
Band 3
What the team is known for

The Corrs Chambers Westgarth practice is especially noted for effective handling of securities enforcement litigation and distressed debt refinancings. Also deploys industry-specific knowledge on restructurings, insolvencies and workouts in the mining, real estate, logistics and financial services sectors. Clients include overseas hedge funds and private equity houses, as well as companies in distress and leading insolvency advisers and banks. Key clients include Infrastructure NSW, Macquarie Bank and Resource Capital Fund VII.

Strengths

A client who reports that Corrs Chambers Westgarth team members are "very clear and commercial in their advice and in giving us both the options and their recommendations," also appreciates that "the firm's financial services practice is fully integrated with the restructuring practice" and that the two "work together far better here than in some other firms."

Another interviewee, speaking in a context of regular collaboration with Corrs Chambers Westgarth, says: "The unerring thing about them is that they work well as part of a team, which builds trust in the process and makes it more efficient because we don't have to double-check things. And we work together flexibly on strategy."

Work highlights

Corrs Chambers Westgarth advised a coalition of AUD and USD bondholders, led by Broad Peak Investment Advisers and Tor Investment Management and assembled with a view to the formulation of an alternative proposal for the restructuring of the airline Virgin Australia.

Notable practitioners

Cameron Cheetham represents distressed corporates, appointees and investors in distressed investments and restructurings, offering notable experience in the handling of cross-border mandates for investment funds. Clients cite him both for specific areas of expertise, such as being "really good in the hedge fund and private equity space" or for leveraging his "strategic understanding of the formal insolvency process," and for more general but no less valuable qualities, such as "cutting through complexity" and "being strategic and not getting bogged down in the small issues." He is based in Sydney.

Sam Delaney is based in Sydney and is regularly instructed by companies and banks on risk advisory and restructuring mandates, sources also calling him a "very good insolvency litigator." Market commentators cite his "solid reputation in the mid-market insolvency space," while a client identifies him as a lawyer "with a great ability to simplify the problem and give really clear advice you can act on."

Ranked Lawyers at
Corrs Chambers Westgarth

Provided by Chambers
Filter by
Band

Australia

Restructuring/Insolvency

2
Cameron Cheetham
2
Band 2
3
Sam Delaney
3
Band 3

Members

Provided by Corrs Chambers Westgarth