Restructuring/Insolvency
Asia-Pacific Guide 2024 : Australia
Band 5
Email address
[email protected]Contact number
+61 3 9252 2555About
Provided by Gadens
Restructuring / Insolvency
Gadens has a specialist team dedicated to advising clients in relation to all aspects of distressed situations. Our expert team has an established record in delivering innovative solutions for our clients including banks and other institutional creditors, corporates, international and domestic investment funds, insolvency practitioners, shareholders and company directors. We have significant experience in completing consensual distressed (and performing) debt restructurings. This includes debt trading and sub-participation arrangements.
Specialisation:
- Special Situations
- Restructuring and Insolvency
- Workouts and Restructures
- Banking and Finance
- Distressed Real Estate
Work highlights:
- Gadens acted for the Commonwealth Bank of Australia (CBA) in relation to its debt exposure to a group comprising four large hotels with complex ownership and operating structures involving trusts with a large number of unitholders. CBA ultimately recovered its debt in full.
- Gadens acts for Cor Cordis, the liquidator of one of Australia's largest private security businesses, Sargent Security. The liquidator has brought proceedings against the company's former invoice financier (Bibby, now Scottish Pacific, one of Australia's largest invoice financiers). The claim relates to the (short-lived) appointment of receivers to the company by Bibby, which the liquidator claims caused the company to fail shortly thereafter.
Chambers Review
Gadens offers a broad range of experience catering predominantly to the SME market. The firm provides insolvency advice to banks, corporates, administrators and liquidators and handles related litigation. Gadens handles mandates in a diverse range of industries, including retail, property, and food and beverages. The team often acts on the insolvencies of investment funds and distressed companies and also assists banks with recovery actions. Its key clients include Dye & Co, ANZ and FTI Consulting.
A key contact is James Roland.
Work Highlights
- Gadens advised Cor Cordis as the liquidators for Sargent Security, including bringing proceedings against the company's former invoice financier, Bibby.
Strengths
Provided by Chambers
"They are very attentive, and any concerns we have are covered thoroughly. They also bring to attention any consideration of risks."
"They have a strong foundation in insolvency advice and litigation."
"They are very attentive, and any concerns we have are covered thoroughly. They also bring to attention any consideration of risks."
"They have a strong foundation in insolvency advice and litigation."