Highly responsive, diverse skills, specialist team
Our restructuring and insolvency lawyers are the first choice for leading accountants, banks and distressed corporates. Our dedicated multi-disciplinary team has the diverse expertise needed in times of financial crisis and business change.
We are known for our innovative approach and clever solutions. Our team leads the market, taking key advisory roles on voluntary administrations, large receiverships and complex restructurings.
We have advised
- McGrathNicol on all aspects of the South Canterbury Finance receivership – the largest corporate insolvency in New Zealand in recent years
- the Government on its NZ$500 million financial support package for AMI insurance
- PricewaterhouseCoopers on the receivership of the Strategic Finance companies, including on the recovery of loans and investments in New Zealand, Australia and Fiji
- Blue Star Group on its capital reconstruction, including the proposed refinancing of its NZ$105 million capital bonds
- PricewaterhouseCoopers on the receivership of a large group of companies, the Chung Group. This involved the liquidation of a very large and complex commercial property portfolio
- KordaMentha on finance company receiverships of NZF Money, Belgrave, North South Finance, Mutual Finance, Boston Finance, Numeria Finance and Western Bay Finance
- ANZ National Bank in its refinancing of dairy firm Synlait Milk, following an equity investment from one of China's largest dairy companies
- Hanover Finance and United finance on the $396.2 million sale of its finance assets to NZX listed Allied Farmers and restructuring of its debenture obligations for listed scrip
- KordaMentha on the receivership of ProvencoCadmus (an NZX-listed company with operations and subsidiaries in New Zealand, Australia and a number of Asian countries)
- Nuplex banking syndicate on the restructuring of a senior secured debt syndicate, following covenant breaches and a subsequent rights issue
- PricewaterhouseCoopers on the receivership of Bridgecorp
- OPI Pacific Finance on its NZ$313 million moratorium with its secured and unsecured stockhholders and debt rescheduling negotiations, with certain unsecured rescheduled creditors (NZ$141 million), together with claims, and associated negotiations, in the voluntary administration of ASX-listed company Octaviar
- Staples Rodway on the voluntary administrations of ICP Biotechnology (the first voluntary administration of an NZX-listed company) and The Fine Wine Delivery Company Limited
- an international bank on the disposal of distressed loans, and
- BDO on the voluntary administration of Icon Digital (New Zealand's first voluntary administration).