Regional news: Australia

DibbsBarker recruits from Henry Davis York in Brisbane

Australia’s DibbsBarker has added Brisbane-based Ben Shaw as a partner in its banking, insolvency and disputes team.

12 October 2017

Community roundup: Gibson Dunn poaches Ashurst partner in Munich

In recent weeks, international firms have shaken up their restructuring teams with new hires and promotions, an insolvency specialist has been appointed to the Canadian bar, and regional firms in the UK have expanded in anticipation of business upsets on the back of political uncertainty.

21 July 2017

Emeco Holdings emerges from Chapter 15 in New York

Australian-incorporated mining equipment supplier Emeco Holdings has exited its Chapter 15 proceedings in New York, two and a half months after a Sydney bankruptcy court sanctioned the company’s revised scheme of arrangement.

07 June 2017

Liquidators of alleged Australian-Israeli tax evasion scheme seek US relief

The liquidators of four companies alleged to have been used to conceal the wealth amassed by an Australian family through a lucrative juice business have sought assistance from US courts under Chapter 15.

15 May 2017

Global mining group faces battle for Chapter 15 recognition of Australian schemes

One of the world’s largest minerals drilling companies has applied for US recognition of its Australian insolvency proceedings, but faces opposition from a creditor who says that the company and investors conspired to force through a restructuring plan.

03 May 2017

Community round-up: lateral hires and promotions in Canada, UK, Australia and Isle of Man

Firms in Canada, Isle of Man, Melbourne and London have announced hires in recent weeks, while a leading magic circle firm has promoted a new restructuring lawyer.

26 April 2017

Regulatory roundup: new UK Insolvency Rules enter into force

A thorough overhaul of the UK’s procedural framework for insolvency becomes effective this week against a lukewarm reception, while the Australian government has updated proposed reforms to its insolvency regime taking account of a consultation last year.

05 April 2017

Ernst & Young gains partners from PPB Advisory in Australia

Ernst & Young’s Australian arm has announced the hire of two partners who left professional services firm PPB Advisory in Sydney last month.

22 March 2017

Client retainer not sufficient for Chapter 15 jurisdiction, says California court

A California court has dismissed Australian coal miner Forge Group’s Chapter 15 case, ruling that a “dwindling” retainer held by its counsel was insufficient property in the US to justify a stay of proceedings.

20 March 2017

Australian court approves miner’s scheme after Chapter 15 recognition granted

An Australian court has approved the scheme of arrangement of mining equipment supplier Emeco Holdings, paving the way for a New York court to give the deal “final force and recognition” in the company’s Chapter 15 proceedings.

15 March 2017

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