Insolvency & Restructuring

Our insolvency and restructuring group is a recognised market leader, with extensive experience in all aspects of insolvency and reconstruction work.

Our clients include banks and other financial institutions, large corporates, the leading accountancy firms, and regulatory agencies.

We assist clients with all aspects of corporate stress and insolvency. This includes corporate recovery measures such as debt restructuring, work-outs, and arrangements and compromises with creditors. It also includes corporate reconstructions, distressed mergers and acquisitions, administrations, receiverships, investigations, statutory managements, and liquidations.

Our recovery specialists provide assistance with the enforcement of security (including by receiverships and mortgagee sales) and proceedings against guarantors.

We have experience in cross-border insolvencies, as well as in distressed debt trading and restructuring investment.

We act in proceedings against directors, fraudulent transfer claims, preference actions, and other insolvency-related litigation.

We bring in specialists from our other groups (for example, our tax and commercial lawyers) as and when they are needed, and work closely with accounting and other professionals, to ensure the best possible commercial outcome.

Our Experience

  • McGrath + Nicol - liquidation of the HIH Insurance Group's New Zealand assets (part of Australasia's largest corporate collapse)
  • Westpac - statutory management of Allan Hubbard and related entities, debt restructuring of the Allied Farmers Group, and receivership of Crafar Farms
  • PricewaterhouseCoopers - receivership of Strategic Finance, Lombard Finance & Investments, and Compudigm International
  • Redknee Solutions Inc - voluntary administration, receivership, and liquidation of Argent Networks, including purchase of business
  • KordaMentha and ASB Bank - receivership of Herbert Insurance Group and related entities
  • Treasury and PricewaterhouseCoopers - receivership of Terralink (the first, and to date only, receivership of a state-owned enterprise)
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