Restructuring & insolvency

Restructuring & insolvencyRestructuring & insolvency

Clear market leader in New Zealand restructuring and insolvency

Chapman Tripp has one of the strongest cross-disciplinary restructuring and insolvency teams in New Zealand.

We advise our clients on risk, strategy and tactics for insolvencies.  We develop the smartest solutions for complex and difficult insolvency issues.

Our lawyers routinely act for liquidators, receivers, administrators and counterparties on issues around insolvencies, complex receiverships, liquidations and voluntary administrations.  We also advise banks, financiers and other creditors on debt restructuring compromises, recoveries and insolvent transactions.  These issues are frequently highly contentious.

Our depth of experience makes us conscious that an efficient outcome is the desired end result, so we look for ways to bring disputes to a commercially sensible resolution where possible.

Ranked Tier One for restructuring and insolvency work by independent legal directories Legal 500 Asia Pacific 2016, IFLR1000 2016, Chambers Asia Pacific 2016 and Asia Law Profiles 2016.

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We have advised

  • Solid Energy’s banks on the financial restructuring of Solid Energy achieved by way of a Part 14 Creditors’ Compromise
  • KordaMentha on the NZ$700m receivership of MediaWorks Group, including the NZ$285m sale of MediaWorks and associated transfer of assets to new holding company, MediaWorks Holdings
  • PricewaterhouseCoopers on contentious issues arising out of the receivership of the Strategic Finance companies, including representing Strategic Finance in High Court proceedings against its former auditors, BDO
  • McGrathNicol on all aspects of the South Canterbury Finance receivership – the largest corporate insolvency in New Zealand in the last 20 years
  • various parties interested in the high profile collapse of Mainzeal Construction
  • KordaMentha as receivers of Southern Cross Forest Products Limited and a number of its subsidiary companies
  • creditors in the liquidation of building company Starplus Homes Limited, involving approximately NZ$40m of assets and NZ$25m of secured debt
  • the receivers of failed finance companies including Equitable, Belgrave, North South Finance, Provincial, NZF Money and Capital & Merchant in litigation to recover funds for investors
  • PPB Advisory as administrators of CMA Recycling
  • PPB Advisory, as New Zealand administrators and liquidators, in relation to the voluntary administration and liquidation of various companies in the GEON Group
  • ACS (Ansvar Insurance) on the establishment of a contingent scheme of arrangement, the first scheme of its type in New Zealand, to deal with circa NZ$800m of insurance claims
  • MWH Global on its acquisition of Mainzeal Group’s interest in the MWH Mainzeal joint venture following Mainzeal Group’s receivership
  • Australian law firm Gilbert + Tobin (as New Zealand Counsel) on the restructuring of Australia’s Nine Entertainment Co. whose assets include the Nine Network Australia, NBN Television, Australian News Channel and a 50% interest in Mi9 – a digital venture with Microsoft
  • CHAMP Funds and Blue Star Group on the restructuring of its financing arrangements with a bank syndicate and equipment lessors (approximately NZ$240m in senior secured debt), major suppliers and its NZ$105m of retail listed capital bonds
  • the New Zealand Government on its NZ$500m financial support package for AMI insurance

 

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