Restructuring, Insolvency and Special Situations

Innovative and tailored strategies for navigating financial uncertainty locally and globally

Decisive intervention and strategic thinking are critical to generating value when potential insolvency and restructuring matters arise.

Our team has a proven track record of delivering solutions for our clients. We are recognised as a team of industry experts with deep technical knowledge and commercial acumen who work together seamlessly, decisively and creatively to deliver results for our clients.

We regularly represent a range of domestic and international clients including institutional stakeholders, private capital, insolvency practitioners, shareholders and company directors.

Our team specialises in complex financial restructurings and insolvencies and we understand how to create value in special situations. With leading international connections, particularly with New York and London, our experts regularly advise on multi-jurisdictional mandates and we pride ourselves on our strategic and innovative thinking.

We have significant experience in distressed debt and M&A, advising sponsors and portfolio companies on operational and group reorganisations as well as financial recapitalisations of debt facilities and securities.

Our securities enforcement and formal insolvency teams are technically excellent and ensure that we are equally capable of protecting our clients’ rights when a consensual restructuring is no longer an option.

Corrs is the leading restructuring, distressed debt and special situation legal advisory firm in Australia. The individuals are market-leading but more importantly, as a group, they are a market force.

Asia Pacific Legal 500
The Corrs team works seamlessly across partners and staff and puts the client first. Corrs culturally are very strong, stable and easy to work with in difficult situations. On my most complex restructuring and special situation assignments, Corrs are an extension of my team and my firm's success in delivering client outcomes are highly dependent on Corrs.

Asia Pacific Legal 500

Brookfield

Advised Brookfield on the management of its loan exposure to Panthera Finance, including the appointment of administrators and two successful sale transactions for substantially all of Panthera’s business and assets.

Deutsche Bank

Advised a lending syndicate led by Deutsche Bank on the acquisition and restructuring of a senior debt facility over a portfolio of operating hotels and development projects owned and operated by Jon Adgemis’ Public Hospitality Group.

KPMG and Tritium DCFC

Advising NASDAQ listed Tritium DCFC on its sale and recapitalisation process and the subsequent voluntary administration and liquidation of the insolvent estate.

EY

Advised EY in their capacity as administrators of Orange Private Hospital on its sale by deed of company arrangement to Ramsay Healthcare.

McGrath Nicol and Qenos Holdings

Advised Qenos, the largest polyethylene manufacturer, in exploring either the sale of its business as a going concern, or a liquidation and shutdown of its operations and realisation of its land assets following remediation. Most recently advised Qenos (and its subsidiaries) with respect to the potential availability for the directors to seek the protection of the ‘safe harbour’ regime and maintain that protection through various developments to the restructuring plan.

Mineral Resources Ltd

Advised ASX-50 company, Mineral Resources (MinRes), on its acquisition of Singapore listed, Alita Resources, the owner of the Bald Hill lithium mine. Alita was subject to a failed deed of company arrangement. The MinRes transaction was structured as a forced debt payment through a court process, which converted to a consensual debt acquisition, and a credit bid plus additional consideration for the assets.