Regional news: Australia

Australian court recognises pilot’s Hong Kong bankruptcy in tricky COMI case

An Australian court has recognised the Hong Kong bankruptcy estate of an airline pilot, despite expressing concerns over the determination of his centre of main interests.

12 August 2020

Duff & Phelps recruits Australian insolvency pioneer to Sydney practice

Advisory firm Duff & Phelps has recruited one of Australia’s most experienced restructuring and insolvency practitioners for its new Sydney office.

07 August 2020

DLA Piper recruits partner in Melbourne

DLA Piper has hired a new partner in its Melbourne restructuring practice, after losing its Australian head of restructuring to Dentons in March.

29 July 2020

Australian court allows trustee of disqualified tax agent to seek UK recognition

An Australian court has allowed the bankruptcy trustee of a disqualified tax agent to seek recognition of his appointment in the UK, pursuant to the UNCITRAL Model Law on Cross-Border Insolvency.

24 July 2020

Community roundup: new recruits at Gordon Brothers, EY and Kirkland & Ellis

Gordon Brothers and EY have hired in Australia, Kirkland & Ellis and Thornton Grout Finnigan have recruited in Hong Kong and Toronto, and Quantuma and Freeths continue to expand in the UK.

20 July 2020

Australian swimwear retailer dives into administration

Australia’s largest swimwear retailer Seafolly, which is backed by French fashion conglomerate LVMH Moët Hennessy Louis Vuitton, has filed for voluntary administration in Sydney, with Norton Rose Fulbright and Ashurst advising.

10 July 2020

Shoosmiths advises on TM Lewin pre-pack, EY appointed in Australia

Shoosmiths has advised the administrators of London-based shirt retailer TM Lewin on a pre-pack sale that has shuttered all of its UK stores, as its Australian arm entered voluntary administration under EY.

06 July 2020

Baker McKenzie partner set to join Allen & Overy in Sydney

Allen & Overy has hired Baker McKenzie partner David Walter to its Asia-Pacific restructuring group as a “key part” of a planned expansion in the region.

03 July 2020

Virgin Australia administrators select Bain Capital as new owner

Virgin Australia’s administrators have entered a sale agreement with US private equity group Bain Capital and warned shareholders not to expect any recoveries.

01 July 2020

Aussie copper miner completes first guarantor’s scheme, bypasses Gibbs rule with declaration

King & Wood Mallesons has helped the parent of a copper miner complete the first guarantor’s scheme of arrangement in Australia, restructuring English law-governed debts and getting around the Gibbs rule with a declaration from an English court.

29 June 2020

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