Regional news: Australia
Herbert Smith Freehills hires restructuring specialist in Sydney
The legal director of the Australian Restructuring Insolvency & Turnaround Association, Natasha McHattan, has joined Herbert Smith Freehills as special counsel in Sydney.
27 August 2020
Trade creditors approve Virgin Atlantic’s restructuring plan
Creditors have approved Virgin Atlantic’s ground-breaking restructuring plan at four virtual meetings, with 99% of trade creditors lending their support.
25 August 2020
Hong Kong assistance requested again in Australia’s Rennie Produce liquidation
An Australian court has requested assistance from the High Court of Hong Kong to summons three Hong Kong residents in the decade-old liquidation of Australian crop planting company Rennie Produce.
18 August 2020
Two more Virgin Australia entities seek Chapter 15 recognition
The newly appointed administrators of two Virgin Australia entities that Bain Capital plans to include in its purchase of the group have sought Chapter 15 recognition in New York.
14 August 2020
Speedcast agrees sale to support Chapter 11 exit
Australian satellite communications group Speedcast has agreed to sell its business to a US private equity firm, in a deal that would see disgruntled shareholders lose out when it emerges from bankruptcy.
14 August 2020
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