Banton Group

Amanda Banton

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Amanda’s practice covers corporate/commercial disputes emphasising Corporations and trade practices legislation, insolvency, negligence and contractual disputes. She advises financial institutions and external administrators including Basis Yield Alpha Fund, Deloitte, KPMG, KordaMentha and McGrath Nicol. She is retained in respect of collapsed funds including City Pacific, LM and Equititrust and in major liquidations including HPL and Forge. She also acts in high profile corporate collapses including Arrium, Forge Group, Lehman Bros, LM, Octaviar and Equititrust.

She is renowned for complex financial instruments litigation, particularly involving collateralised debt obligations or synthetic collateralised debt obligations rated or sold by Fitch's Ratings, Lehman’s Bros, Standard & Poor’s, ANZ and CBA. Amanda successfully applied to add claims of fraud and deceit against both Standard & Poor’s and Fitch Ratings; subsequently both matters were settled in record payouts. Had either proceeded to trial and the claim been proven, it would have defeated the limitation defence. This development has worldwide implications. Claimants likely now have additional time to bring proceedings against the ratings agencies for losses on their pre-crisis-era credit ratings of SCDOs.

Amanda is also credited with the development of a body of case law on non-apportionable claims under s1041E of the Corporations Act.