Regional news: Australia

Zetta trustee’s breach does not justify discovery, Australian court finds

The Chapter 7 trustee of aircraft operator Zetta Jet “likely” shared Australian court documents with the US Federal Bureau of Investigations (FBI), in breach of an implied undertaking not to do so, an Australian court has said.

05 September 2019

Canadian deep sea miner’s creditors approve Australian takeover plan

Creditors have unanimously backed a seafloor mining company’s acquisition agreement that will see its Australian funding partner assume its C$534 million (US$402 million) indebtedness.

13 August 2019

Community roundup: Duff & Phelps hires KPMG director

In recent weeks, a host of firms have witnessed the reorganisation of their own restructuring divisions, with new partners hired for London and regional practices in the UK, and a new counsel announcement in New York.

10 July 2019

Irish oil services group enters Chapter 11, with Irish and Bermudian proceedings to follow

Irish oilfield services group Weatherford International has filed for Chapter 11 protection in a Texas bankruptcy court aiming to cut down its US$8.35 billion debt through a pre-packaged plan that envisages parallel proceedings in Ireland and Bermuda.

04 July 2019

Piper Alderman hires partner in Sydney

Australian firm Piper Alderman has recruited Cheryl Weston from commercial litigation firm Eakin McCaffery Cox, as a partner in its insolvency and reconstruction team.

01 July 2019

Australian oil company wound up after stay request denied

A US creditor of Australian oil and gas company Paltar Petroleum has won its bid to have it wound up, after administrators appointed only two weeks before the hearing failed to get an adjournment.

31 May 2019

Australia’s ARITA under new leadership

The Australian Restructuring Insolvency and Turnaround Association has appointed Norton Rose Fulbright partner Scott Atkins as its president under a new governance structure.

30 May 2019

Lavan adds from Ashurst in Australia

Australian firm Lavan has added a new restructuring partner from Ashurst in Perth.

25 February 2019

Harneys names restructuring partner to head Singapore office

Offshore firm Harneys has named recently-relocated restructuring partner James Noble as the new head of its Singapore office.

01 February 2019

Gambling addiction thefts see lawyer jailed

An Australian lawyer who authored the Personal Insolvency Professionals Association’s code of conduct has been jailed for six years, after stealing A$9 million from a client to fuel his gambling addiction.

21 January 2019

Get unlimited access to all Global Restructuring Review content