Topic: Restructuring techniques in NZ and abroad: moves to provide better outcomes for stakeholders in a restructuring
Matt Kersey and Alex MacDuff (Russell McVeagh) and Laura Johns (Norton Rose Fulbright, Sydney) will compare NZ restructuring procedures with recent developments in restructuring procedures in Australia and UK. The UK has implemented a court supervised debtor in possession model with cross-class cramdown and cram-up with its recent Restructuring Plan and a standalone moratorium. Australia has introduced a new procedure for SME restructuring and liquidations and is exploring the improvement of schemes of arrangement to better support businesses. What can we learn from these developments and how might they assist improving outcomes and preserving enterprise value?
Presenters: Matt Kersey and Alex MacDuff, Russell McVeagh and Laura Johns, Norton Rose Fullbright, Sydney
Matt Kersey, Russell McVeagh
Matt is a restructuring and insolvency specialist with 30 years of experience in practice in New Zealand, the UK and Australia. He leads Russell McVeagh’s restructuring and insolvency practice. He acts on domestic and cross-border matters and appears as counsel in contentious matters. He has been involved in many significant restructuring and workout matters in New Zealand and abroad. Matt served on the RITANZ board between 2015-2021 and was the chair of the Regulatory Affairs committee. He is an author of Heath and Whale on Insolvency and a member of the Editorial Board of International Corporate Rescue journal.
Laura Johns, Norton Rose Fulbright Australia
Laura Johns is a restructuring, insolvency and banking litigation lawyer based in Sydney.
Laura has extensive experience in insolvency and banking dispute resolution. Laura advises Australia’s leading banks and other financial clients on complex corporate insolvency processes, litigation and recovery matters. She was part of the Australian legal team acting for Perpetual Trustees in the US and UK arising out of the Lehman’s bankruptcy. Recently, Laura had a lead role in the Bergin Inquiry conducted by the Honourable PA Bergin SC into Crown Casino supporting the Inquiry and Counsel assisting in all aspects of its work.
Laura acts for banks, insolvency practitioners, government bodies, security companies and creditors on issues connected with companies in financial distress and has assisted clients on a variety of insolvency and restructuring assignments domestically and internationally. She regularly advises on security enforcement, receiverships, voluntary administrations, liquidations and disputes.
Alex MacDuff, Russell McVeagh
Alex is a senior associate in Russell McVeagh’s Litigation team. He is a general commercial litigator who specialises in restructuring, insolvency and special situations. Alex’s experience includes advising stakeholders across the capital structure on restructurings, stressed and distressed refinancings and insolvencies. Alex recently returned to Russell McVeagh after spending a number of years working in London for Allen & Overy’s Global Restructuring Group, where he advised on a number of high-profile cross-border and domestic matters including Greensill Capital, Thomas Cook, the Abraaj collapse, Intu Properties and Gategroup.
Wed, 1o August 2022
Presentation 4:40pm – 5:30pm
Refreshments and networking from 4:20pm to 6:30pm.
Note the bar will be closed at 6:30pm sharp and the host venue will need to be vacated by 7pm at the latest.
Russell McVeagh, Vero Centre, Level 30, 48 Shortland Street, Auckland
Complimentary for RITANZ Members
Chartered Accountants ANZ Members $40.00 plus GST
Law Society Members $40.00 plus GST
NZCFI Members $40.00 plus GST
Standard (casual attendance) $50.00 plus GST
How to register:
Registration is required – RSVP here