Buddle Findlay is highlighted for its ‘wide commercial experience, with specialist knowledge in finance, restructuring and insolvency areas’. The team benefits from the non-contentious restructuring expertise of Auckland-based practice head David Perry, particularly in workouts. Litigation expert Scott Barker has experience in assisting clients with complex and contentious liquidation matters. Scott Abel is a key name for insolvency, debt restructuring and securities advice, and well-regarded commercial litigator David Broadmore has particular expertise in disputes arising from insolvency situations. Also specialising in commercial litigation, Kelly Paterson has experience acting in cases involving insurance, contract disputes, insolvency and credit recovery. Myles O’Brien is also a notable member of the team, providing expertise in corporate transactional banking and property finance. January 2023 saw the promotion of Bridie McKinnon and Luke Sizer to partner.
Restructuring and insolvency in New Zealand
Buddle Findlay
Praxisleiter:
David Perry
Weitere Kernanwälte:
Scott Abel; Scott Barker; Myles O’Brien; David Broadmore; Kelly Paterson
Referenzen
‘Team has wide commercial experience with specialist knowledge in finance, restructuring and insolvency areas. Always readily available to provide assistance. Understand our processes and consider commercial/practical aspects in addition to legal aspects.’
‘They understand our requirements and are always available and willing to fully discuss matters, providing considered advice and assistance. Specific individuals who provide high levels of service include Kelly Paterson, Jan Etwell, David Perry, Myles O’Brien & Celia Olds.’
‘Scott Abel – very good technically. Works hard and is always responsive and available. Fantastic lawyer.’
Kernmandanten
Bank of New Zealand
ANZ Bank New Zealand
Calibre Partners
PwC
McGrath Nicoll
Grant Thornton
BDO
Reserve Bank of New Zealand
FTI Consulting
PKF Corporate Recovery and Insolvency
Highlight-Mandate
- Advising PwC as administrators of Ruapehu Alpine Lifts (RAL), which runs the Whakapapa and Turoa ski fields on Mt Ruapehu.
- Advising Calibre Partners as receivers of Island Escape Cruises (IEC) and Seasons Shipping (SSL), two companies in receivership.
- Advising PwC as administrators of Go To Collection (GTCL), a hospitality group.
Chapman Tripp
Clients of the restructuring and insolvency practice at Chapman Tripp appreciate the team's ‘deep experience, innovative solutions and breadth of disciplines‘. The team balances a broad workload, regularly assisting its clients with debt restructuring, voluntary administration, distressed debt transactions and receiverships. The team is jointly led by the Auckland-based Michael Harper and Michael Arthur. Harper is ‘outcome focused and widely respected', and Arthur is commended for being a ‘strong advocate‘ and possessing ‘deep knowledge’. Also based in the Auckland office, Janko Marcetic is well versed in receiverships and liquidations.
Praxisleiter:
Michael Harper; Michael Arthur
Weitere Kernanwälte:
Janko Marcetic
Referenzen
‘Deep experience, innovative solutions, highly responsive, breadth of disciplines covered means one stop shop.’
‘Michael Harper – deep experience, outcome focused, widely respected. Michael Arthur – strong advocate, deep knowledge.’
Kernmandanten
Calibre Partners
Ministry of Business, Innovation and Employment – |Kanoa
Bank of New Zealand
Westpac New Zealand
Crown Irrigation Investment
Baker Tilly Staples Rodway
Highlight-Mandate
- Acting for the receivers (Calibre Partners) on the pre-pack voluntary administration and receivership of Optic Security.
- Acting for the Crown in relation to its position as secured creditor in the voluntary administration of Mount Ruapehu Alpine Lifts.
- Acting for the secured creditor (Crown Irrigation Investments) and the receivers (Calibre Partners) of Kurow-Duntroon Irrigation Company (KDIC) in relation to all aspects of the receivership.
MinterEllisonRuddWatts
The ‘very practical and responsive’ practice at Minter Ellison regularly acts for leading banks and insolvency practitioners. The practice has standout expertise in the agribusiness sector, specifically in farm debt mediation, where it regularly acts for major domestic banks. Auckland-based partners Sean Gollin and Michael Langdon jointly lead the practice: Gollin has expertise in solvent and insolvent restructurings, selling distressed debt and securities, security enforcement, and recovery strategies; and Langdon frequently advises on directors’ duties and security reviews. In the Wellington team, Richard Gordon advises the main trading banks, and Charlotte Carey is a name to note at the senior associate level.
Praxisleiter:
Michael Langdon; Sean Gollin
Weitere Kernanwälte:
Richard Gordon; Charlotte Carey
Referenzen
‘A strong team with Sean at the head. Very practical and responsive.’
‘Sean is a leader in the field and very hands on.’
‘Level of knowledge, advice, soft skills and preparation for client engagements all excellent.’
Kernmandanten
ANZ
ASB
BNZ
Westpac
Rabobank
HSBC
PwC
Deloitte
KPMG
BDO
KordaMentha
McGrathNicol
Grant Thornton
Treasury New Zealand
LPF Group
Highlight-Mandate
- Acted for Westpac in obtaining urgent freezing orders in the New Zealand High Court against Iugis in relation to NZD42.8m that Westpac funded as a result of an alleged forgery scheme.
- Acting for liquidators BDO in proceedings brought against directors of Mainzeal and two related companies controlled by Mainzeal Group’s principal.
- Acting for BNZ in a longstanding multimillion-dollar debt recovery matter involving numerous entities owned or controlled by a prominent businessman and UK resident.
Russell McVeagh
Handling the full range of restructuring and insolvency-related matters, clients consider the practice at Russell McVeagh to be ‘at the top of the market in this field in New Zealand’. The team’s workload features cross-border liquidations, receiverships, voluntary administrations, secured creditor enforcement and distressed investments. The practice is noted in particular for its expertise in the real estate and construction, retail, hospitality, financial services and forestry industries. Matthew Kersey leads the practice, which benefits from his ‘brilliant commercial mind‘ and expertise in cross-border insolvency. John Powell is experienced in advising banks and corporates on restructuring matters. Wellington-based litigator Nathaniel Walker focuses his practice on cross-border matters. All lawyers are based in Auckland unless stated otherwise.
Praxisleiter:
Matthew Kersey
Weitere Kernanwälte:
John Powell; Nathaniel Walker
Referenzen
‘Russell McVeagh’s restructuring and insolvency practice is hugely experienced, well resourced and is instructed in most of the major cases in this area. They are at the top of the market in this field in New Zealand.’
‘Matt Kersey is an extraordinary lawyer. A brilliant commercial mind, he understands insolvency and corporate law and the commercial context of any case seemingly effortlessly. He is a go-to for any complex insolvency case. And on top of that an excellent leader and engaging individual who handles his team and clients superbly.’
‘Pragmatic, proactive, expertise and good communication.’
Kernmandanten
KPMG
BDO
OCP Asia Pacific
Calibre Partners
Meltzer Mason
ANZ Bank New Zealand
Qualitas
McGrathNicol
The board of directors of the Kurow-Duntroon Irrigation Company
Westpac New Zealand
First Mortgage Trust
Olvera Advisers
Chan Mow & Company
Highlight-Mandate
- Advised the board of directors of Kurow Duntroon Irrigation Company on all aspects of the company’s significant debt restructuring by way of receivership and voluntary administration.
- Advising ANZ as senior lender to Ruapehu Alpine Lifts on the proposed debt restructuring via voluntary administration.
- Advising Chan Mow & Co on its successful application to remove the liquidator appointed to Progressive Insurance Company, formerly one of the largest insurers in Samoa.
Simpson Grierson
Forming part of the firm’s wider banking and finance practice, the restructuring and insolvency team at Simpson Grierson is praised for being ‘technically sound on very complex matters’. The firm's specialists advise on the full spectrum of corporate distressed situations and insolvency-related matters, security enforcement, cross-border insolvency and distressed debt trading. James Caird and Josh Cairns co-lead the practice from the Auckland and Wellington offices, respectively. Caird is a key contact for cross-border insolvencies and Cairns focuses his practice on debt restructurings and formal insolvency assignments. In Wellington, special counsel Steve Flynn is praised for his ‘wealth of knowledge‘, and Auckland-based partner Ben Upton is a specialist in asset recovery, banking and insolvency litigation.
Praxisleiter:
Josh Cairns; James Caird
Weitere Kernanwälte:
Steve Flynn; Ben Upton
Referenzen
‘Pragmatic, proactive, expertise, good communication.’
‘Technically sound on very complex matters. Knows our requirements. I’d highlight Josh Cairns.’
‘The restructuring and insolvency practice provide commercial and pragmatic solutions to any matter put before them. They understand our risk profile and adapt their responses according to the situation at hand, ensuring we are protected whatever decision is made.’
Kernmandanten
Westpac
Calibre Partners
PwC
ASB Bank
McGrathNicol
KPMG
Bank of New Zealand
BDO
Heartland Bank
Grant Thornton
EY
Arena Investors
Highlight-Mandate
- Advised Arena Investors on the pre-packaged restructuring of Australasian security contractor Optic Security Group.
- Advising Grant Thornton as liquidators of Jonesy Construction, a significant residential construction company in the Wellington region.
- Advising ASB Bank (as appointing secured creditor) and Grant Thornton New Zealand (as receivers) on the complex receivership of the Drymix Group.
Anthony Harper
Operating from its offices in Auckland and Christchurch, the practice at Anthony Harper is ‘highly regarded by those in the insolvency field’. The team is regularly instructed by insolvency practitioners, banks and finance companies, and has particular strength in the areas of mortgagee sales, asset recovery, debt factoring and personal insolvency. Crispin Vinnell heads the practice from the Christchurch office and is a key contact for banking and insolvency matters. In Auckland, expert litigator Dan Hughes handles insolvency litigation and Lynne Van is well versed in acting on matters before the Supreme Court, Court of Appeal and High Court. Chloe Jolliffe is also a key contact in the Christchurch office for matters related to real property.
Praxisleiter:
Crispin Vinnell
Weitere Kernanwälte:
Lynne Van; Dan Hughes; Chloe Jolliffe
Referenzen
‘Anthony Harper are a leading insolvency litigation and restructuring firm. They have exceptional experience that is second to none in this area and are highly regarded by those in the insolvency field. ’
‘Availability, advice and knowledge of our business. AH have taken the time to understand our business and associated risks and mitigants to assist us.’
‘Chloe Jolliffe is my main point of contact. She is most helpful with anything property related and always has the time to discuss matters no matter how trivial. Chloe is extremely responsive and diligent.’
Kernmandanten
McGrathNicol
Avior Consulting
VinLink Marlborough
Cor Cordis
Pitcher Partners
Southbase Construction
PKF Corporate Recovery
Highlight-Mandate
- Acted for the liquidators of CBL Insurance (in Liquidation), in a claim against the directors and advisors of the company in respect of losses claimed at no less than $320m.
- Advised VinLink Marlborough on the acquisition of assets from one of New Zealand’s largest wine-makers and growers, Sacred Hill Marlborough (in receivership and in liquidation).
- Acting for the liquidators of Vac-U-Digga NZ (in Liquidation and Receivership) investigating a number of claims for potential recovery, including payments to related parties prior to the liquidation.
Dentons New Zealand
The team at Dentons New Zealand is frequently instructed by banks, trade creditors, directors and insolvency practitioners. The practice works closely alongside the firm’s construction and major projects practice to assist with debt recovery and enforcement work and has particular expertise in this area. Auckland-based practice head James McMillan draws on 19 years of experience acting for banks, insolvency practitioners, directors and construction companies. David Shillson and Liz Lim have a corporate focus, specialising in banking and finance matters from the Wellington and Auckland offices, respectively.
Praxisleiter:
James McMillan
Weitere Kernanwälte:
David Shillson; Liz Lim
Kernmandanten
ANZ Bank New Zealand
HSBC
Deloitte
BDO Auckland
Calibre Partners (formerly known as KordaMentha)
KPMG
PwC
Youth Hostel Association New Zealand
Grant Thornton
Heartland Bank
Highlight-Mandate
- Acted for liquidators of STA Travel in the High Court application for directions on how to treat refunds of over $400,000 paid to STA Travel by airlines and other travel providers.
- Acted for YHA in its restructuring and refinancing.
- Acted for liquidators in a successful claim against a shareholder resulting in a bankruptcy.
DLA Piper New Zealand
Based primarily in Auckland, the restructuring and insolvency team at DLA Piper New Zealand regularly acts for insolvency practitioners and secured creditors in large-scale corporate insolvencies. The multifaceted practice combines expertise in insolvency, litigation and corporate law to assist clients with a range of insolvency matters. Alicia Murray and Michael Thompson jointly lead the practice, which benefits from Murray’s litigation experience for contentious insolvency matters and Thompson’s corporate experience for major corporate insolvencies. Iain Thain is also an active member in the team.
Praxisleiter:
Alicia Murray; Michael Thompson
Weitere Kernanwälte:
Ian Thain
Referenzen
‘DLA Piper have a strong restructuring and insolvency practice.’
‘Reuben Woods and Alicia Murray are both trusted restructuring and insolvency advisers. They are our go to people when we have insolvency issues.’
‘Alicia is an experienced and capable insolvency lawyer who is comfortable on her feet in Court and in being robust when needed.’
Kernmandanten
Kare Johnstone and Andrew Grenfell of McGrathNicol as liquidators of CBL Insurance
Foodstuffs North Island
Heartland Bank
Sustainable Luxury (Mauritius)
Cornwall Park Trust Board
Trustees Executors
Auckland Council
Highlight-Mandate
- Advised Cornwall Park Trust Board as lessor on the insolvency of the Auckland Agricultural Pastoral and Industrial Shows Board as lessee of ASB Showgrounds.
- Assisting the liquidators of CBL Insurance with filing High Court proceedings against a major creditor, Alpha Insurance.
- Advising Sustainable Luxury Mauritius about its rights under the Hotel Management Agreement it has with an insolvent entity, and in relation to the sale of the hotel and assignment of the sub-lease.
TWA Legal Limited
With ‘some of the leading and most respected minds in insolvency‘, Auckland-based restructuring and insolvency boutique TWA Legal Limited has significant expertise in insolvency-related litigation. The firm regularly acts for specialist insolvency practitioners in the region, as well as for its banking and finance clients. The team is jointly led by Mike Whale, Jennifer Tunna and Michael Anderson. Whale has extensive experience acting for domestic and international clients, as well as specialised financial institutions; Tunna is well versed in executing business and asset sales across a range of industry sectors, particularly in distressed situations; and Anderson is particularly experienced in advising corporate trustees and public security issuers in respect of debt issues and managed funds. Special counsel Kerry Puddle is also a key member of the team.
Praxisleiter:
Mike Whale; Jennifer Tunna; Michael Anderson
Weitere Kernanwälte:
Kerry Puddle
Referenzen
‘The team there is small but well formed with some of the leading minds and most respected in insolvency. They are cost effective, provide great service in that they turn things around quickly, they understand our industry and the need for both legal and pragmatic advice. They listen to us and aren’t afraid get debate issues and listen to us as a client.’
‘All of the team, and in particular Jen Tunna, is extremely capable but also very personable. She makes herself available, is quick to turn work around and she is well supported by the two Mikes who are both very well-respected lawyers. They are all very honest, reliable and hard working people.’
Kernmandanten
Khov Jones and Rodewald Consulting
BDO Tauranga
BDO Auckland
Hufcor
BDO Wellington
Deloitte
Ernst Young
PKF Corporate Recovery and Insolvency Auckland
McDonald Vague
Highlight-Mandate
- Acting for Khov Jones as liquidators of Autoterminal New Zealand.
- Acting for BDO Tauranga as receiver of South Pacific Industrial.
- Acting for Hufcor in the context of the liquidation of its New Zealand subsidiary.
Bell Gully
Praised for its ‘depth of experience’, Bell Gully is a popular choice among domestic banks and accounting firms. The Auckland-based restructuring and insolvency practice is regularly tasked with a range of contentious and non-contentious matters, including receiverships, liquidations and contentious enforcement issues. Tim Fitzgerald is well versed in advising lenders and insolvency practitioners on claims against debtors, directors and auditors. David McPherson is a key contact for advice on distressed debt acquisitions and receiverships. Together, McPherson and Fitzgerald lead the practice.
Praxisleiter:
Tim Fitzgerald; David McPherson
Referenzen
‘Depth of experience, always very responsive – quick turnaround.’
‘Dave Mcpherson – experienced, calm under pressure, responsive, pragmatic. David Friar – deep knowledge.’
Kernmandanten
PwC
ANZ Bank New Zealand Limited
Calibre Partners (formerly KordaMentha)
McGrath Nicol
KPMG
ASB Bank
BNZ
Grant Thornton
BDO
Ferrier Hodgson
Highlight-Mandate
- Acted for Calibre Partners as receivers of three recent high-profile receiverships.
- Acting for Pearlfisher Capital in a series of connected disputes concerning Pearlfisher’s proposed lending to Mega Capital Group.
- Advising PwC as liquidators in several complex liquidations, including N F Global Limited.
Mayne Wetherell
Mayne Wetherell is praised for its ‘deep experience‘ and ‘innovative solutions to complex situations‘. The restructuring and insolvency practice is often involved in matters connected to the firm’s corporate and finance practices. Clients include domestic and international financial entities. Practice head Will Tipping is a ‘legal powerhouse‘ and has significant expertise in acquisition financing and special situations.
Praxisleiter:
Will Tipping
Referenzen
‘Deep experience and innovative solutions to complex situations.’
‘Mayne Wetherell often distinguishes itself from other firms through its specialized expertise in the restructuring and insolvency practice areas. The firm takes a client-focused approach and is able to prioritize strong relationships, understand our unique needs, and provide tailored legal solutions. We are also impressed with collaboration among its teams and staff can offer more comprehensive and well-rounded legal advice.’
‘We have had great experiences working with Will Tipping from the Mayne Wetherell team. He is a legal powerhouse with exceptional expertise, has a proven track record of success, and always takes a client-centric approach. His innovative thinking and masterful communication set him apart from other ones we have dealt with.’
Kernmandanten
Westpac New Zealand Limited
Bank of New Zealand
ASB Bank
Calibre Partners
Highlight-Mandate
Norling Law Limited
Boutique law firm Norling Law Limited is a popular choice for creditors and shareholders, liquidators and receivers, as well as directors of distressed and insolvent companies. Practice head Brent Norling leads the Auckland-based team and has particular experience in disputes and business restructurings. At the senior associate level, Anna Cherkashina is a name to note.
Praxisleiter:
Brent Norling
Weitere Kernanwälte:
Anna Cherkashina