Our dedicated Insolvency & Restructuring team is responsible for executing some of the highest profile multi-jurisdictional transactions.

Our recent work includes acting for:

• Alinta Energy on its deleveraging transaction - one of the most complex restructurings in Australian corporate history. The transaction took 18 months to complete. The incredible complexity and scale of the transaction is evidenced by the following features:
• a triple track trade sale, IPO and debt-for-equity swap investigative process;
• 70 finance syndicate participants across the world; and
• 4 schemes of arrangement with a total of 11 classes of creditors, and an interdependent trust scheme with over 60,000 security holders
  
• Secured creditors and receivers and managers of Windimurra Vanadium Ltd and Midwest Vanadium PL on the multi-layered restructure of equity, debt and recapitalisation - one of the most innovative restructurings in the mining sector and the first complete debt and equity restructure which relied on orders being made under s444GA of the Corporations Act for the forcible transfer of 100% of the shares in the insolvent company to the successful purchaser’s subsidiary
  
• Macquarie Bank and other key financiers in relation to the administrations of Sons of Gwalia, Croesus Mining and Copperco
  
• Korda Mentha, the receivers and managers of the Epic Energy Group (then owners of the Dampier to Bunbury Pipeline), on several significant contentious matters and contractual and regulatory issues
  
• Liquidators of securities lending and stockbroking firm, Opes Prime to achieve a global resolution of all of the existing and potential litigation, employing the scheme of arrangement provisions in the Corporations Act
  
• Australia and New Zealand Banking Group, National Australia Bank and Commonwealth Bank on the workout of the Parmalat Group, including advice on international insolvency and fraud issues
  
• Permanent Custodians Limited in respect of litigation commenced by Reliance Rail Pty Limited
  
• Octaviar Investment Management Limited, the responsible entity for the Premium Income Fund in respect of issues affecting the fund (including ASIC matters)
  
• Receivers of Airport Link Company Limited, the operator of four railway stations between Sydney and Kingsford Smith Airport
  
• Lessors, reinsurers and others on the provisional liquidation and liquidation of the HIH Group
  
• Rivercity Motorway Group and its administrators on the standstill and administration, including strategic advice to the Group’s Board in respect of complex standstill negotiations with the secured syndicate and Brisbane City Council
  
• Administrator and Deed Administrator for the Tom Browns Menswear restructure
  
• Banking syndicates to Griffin Power Pty Ltd and Griffin Power 2 Pty Ltd throughout the voluntary administration of The Griffin Coal Mining Company Pty Ltd, Griffin Energy Group Pty Ltd and certain related companies, including the sale of Griffin Coal and the potential sale of Griffin Power
  
• Private equity firm, Catalyst, on the debt restructuring and eventual sale of the Valley Longwall Mining Services Group to a Chinese state-owned buyer
  
• PaperlinX’s Australian bank syndicate and Australian bilateral loan banks in negotiating and implementing a debt restructure arrangement with PaperlinX and its US noteholders
  
• National Australia Bank in its capacity as financier to the listed Centro Retail Trust, to Centro Property Trust and to various Centro syndicates in relation to Centro’s group stabilisation and restructure.

For information about King & Wood's Restructuring practice click here.