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International firm Jones Day has strengthened its restructuring capabilities across the Asia-Pacific region with the appointment of Milbank’s APAC restructuring head.
Nicholas Dunstone (pictured) has joined Jones Day as a partner in the firm’s business restructuring and reorganisation practice, based in the firm’s Sydney office.
Dunstone joins Jones Day after more than three years at international law firm Milbank, where he served as a partner and head of APAC restructuring from the firm’s Singapore office.
Bringing more than 25 years of experience, Dunstone has built a reputation as a leading restructuring practitioner, advising clients on complex cross-border restructuring and insolvency matters across the Asia-Pacific region and global markets.
His career has spanned leading international law firms and a prominent distressed debt investment fund, where he has advised creditors, debtors and investors on some of the market’s most complex and high-profile restructuring matters.
Jones Day’s business restructuring and reorganisation leader Heather Lennox praised Dunstone’s appointment, pointing to his rare combination of cross-border restructuring expertise and investment-side experience as a key asset for clients navigating complex financial challenges.
“Nick is an exceptional addition to our business restructuring and reorganisation practice and to Jones Day as a whole,” Lennox said.
“His deep experience representing creditors, distressed investors, and debtors across multiple jurisdictions gives him the ability to see restructurings from every angle.
“Nick’s track record of leading complex cross-border matters in Europe, Asia, and Australia – combined with his investment-side perspective gained from building ARCM’s restructuring platform – makes him uniquely positioned to deliver innovative solutions to our clients on their most challenging matters.”
Dunstone will join Jones Day’s global restructuring team, which comprises more than 100 lawyers across key financial centres worldwide and advises clients on complex restructurings, out-of-court workouts and transactions involving financially distressed entities.
Chris Lovrien, partner in charge of Jones Day’s Australia region, described Dunstone’s arrival as a significant step in the firm’s ongoing Australian expansion, with his appointment reinforcing its focus on building market-leading capabilities across restructuring, cross-border finance and financial services.
“When we began our strategic growth push in Australia in mid-2024, one of our priorities was to build a world-class practice representing sophisticated financial institutions, investors, and corporates in cross-border finance, private credit, distressed finance and workouts,” Lovrien said.
“Nick’s experience, accomplishments and reputation will further enhance Jones Day’s ability to serve our clients in their most complex restructuring and financial matters.
“His arrival also underscores the firm’s continued investment in world-class legal talent in the Australian market. He is the fifth lateral partner to join us here since the start of the year, and the 13th to join us since we began our strategic growth plan.”
Reflecting on his move, Dunstone said Jones Day’s global platform and collaborative culture would enable him to help clients navigate increasingly complex restructuring challenges requiring expertise across multiple practice areas.
“Throughout my career, I have seen that the most complex restructuring matters demand a coordinated, multidisciplinary approach that draws on expertise in litigation, tax, finance, M&A, and beyond,” Dunstone said.
“Jones Day’s one-firm culture and the mutual commitment of its partners to work as a unified team mean I can deliver to clients the full resources of a global firm operating on five continents.
“I look forward to contributing to this collaborative partnership to provide integrated and client-focused solutions.”
