Regional news: Australia

Helicopter group set for Cayman relaunch after Texas court approves global plan

A Texas bankruptcy court has sanctioned a global restructuring plan for helicopter group CHC, clearing the path for the group to close proceedings in the US, Canada and the Cayman Islands in a matter of weeks.

07 March 2017

Regulatory roundup: pre-insolvency predominates

January saw reforms to insolvency frameworks in a range of jurisdictions, including pre-insolvency mechanisms in Panama and Bulgaria and a stricter line on company liquidity in Bosnia and Herzegovina.

02 February 2017

Deloitte poaches partner from KordaMentha in Sydney

Big Four accounting firm Deloitte has recruited Janna Robertson as a new partner in its Sydney restructuring services team.

01 February 2017

Ashurst partner to join Clayton Utz in Sydney

Australian firm Clayton Utz has recruited Ashurst restructuring partner Timothy Sackar in Sydney.

31 January 2017

DibbsBarker adds Corrs restructuring partner in Melbourne practice launch

Australian firm DibbsBarker has recruited restructuring expert John Stragalinos from Corrs Chambers Westgarth to help lead its new Melbourne branch.

12 December 2016

Community round-up: IWIRC’s Woman of the Year, Mackinac opens Boston office

Recent weeks have seen hires for regional advisory practices in the US and the UK, legal moves in Australia, and the crowning of IWIRC’s Woman of the Year.

28 November 2016

Down Under DIY chain’s winding-up postponed for arbitration

Australia’s highest court has stayed winding-up proceedings for an Australasian home improvement business, allowing an arbitrator to resolve a shareholders dispute between its Australian and US owners.

06 October 2016

Regulatory round-up: India seeks to tackle NPLs as New Zealand ponders stricter rules for insolvency practitioners

In recent weeks the Indian government has legislated for a sharp rise in its banking sector’s non-performing debt, and New Zealand has opened a public consultation to tighten up regulations for insolvency practitioners. Meanwhile, Australia has released a revised timeframe for its forthcoming insolvency reforms.

30 August 2016

UK Supreme Court clarifies when constructive trust may arise in wine case

The UK Supreme Court has clarified the circumstances in which a constructive trust may arise in insolvency, overruling earlier case law and rejecting arguments from an Australian winemaker that its former agent in the UK should have placed money owed to it in trust as soon as its insolvency was imminent.

05 August 2016

Miner’s Chapter 11 case dropped after Australian COMI ruling

A US bankruptcy court has dismissed Delaware-incorporated Legend International’s Chapter 11 case, after a Melbourne court ruled that the phosphate miner’s centre of main interests (COMI) was in Australia.

28 July 2016

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