Restructuring/Insolvency - Australia
What the team is known for
Herbert Smith Freehills stands out for its global reach and expertise in corporate restructures and turnarounds. The team has extensive experience across a range of industries including real estate, retail, manufacturing, resources, financial services and tourism, and has a strong secured lender practice, acting for banks and corporate investors. The firm possesses noteworthy expertise in turnarounds and complex workout mandates and is also able to assist appointees with regard to formal insolvency proceedings. Its key clients include Allegro Funds Management, Deloitte and NAB.
Strengths
"Most impressive is their breadth of capability and ability to proactively identify and address issues that can often be outside their narrowly defined work."
"They have a strong presence on multiple deals, so they know the market in-depth and the standard accepted by most participants."
Work highlights
Herbert Smith Freehills acted for SRG Global on its acquisition of WBHO Infrastructure out of voluntary administration.
Notable practitioners
Paul Apáthy enjoys a strong reputation in the market for his expertise in the special situations investment space and representation of a clientele that includes investment funds and distressed corporates on turnarounds, restructurings and the sale of distressed debt, and secured lenders on both informal and formal insolvency mandates. "He's a good operator – he loves the law and the commercial cut and thrust."
