Regional news: Australia

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

Australian court casts off yacht injunction

The Chapter 7 trustee of luxury private plane operator Zetta Jet has failed to prolong an interim injunction barring a Marshall Islands-registered ship from leaving Australian waters, with a court rejecting arguments that the UNCITRAL Model Law permits foreign companies to seek substantive remedies in Australia.

11 December 2018

Torchlight: Cayman winding-up settled, judgment issued anyway on public interest grounds

Despite the parties reaching a confidential settlement out of court, a Cayman judge that sat through a mammoth 41-day trial of a winding-up petition has handed down his judgment on the grounds there was a “strong public interest” to do so - dismissing the case as “improper”.

12 October 2018

Mourant Ozannes hires Justine Lau from Mayer Brown in Hong Kong

Offshore firm Mourant Ozannes has hired Justine Lau from Mayer Brown, a lawyer with credits on the landmark Supreme Tycoon and Changgang cases under her belt, as counsel in its litigation and insolvency practice in Hong Kong.

19 September 2018

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