Restructuring capability strengthened - HDY

In a move that signals Henry Davis York’s commitment to stay at the forefront of the banking, restructuring and insolvency area of practice, Nick Dunstone has been appointed a partner to the…

Lawyers Weekly • 17 July 2006 • Corporate Counsel

In a move that signals Henry Davis York’s commitment to stay at the forefront of the banking, restructuring and insolvency area of practice, Nick Dunstone has been appointed a partner to the group. The appointment adds to HDY’s 56-strong banking restructuring and insolvency team, which includes partners Philip Crawford, John Martin, John Evans and Roger Dobson. Managing partner Stephen Purcell commented: “[Dunstone] has significant experience in restructuring and in particular distressed debt investment both domestically and internationally. His practice complements our strong relationships in the financial services industry.”

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Distressed debt investments (DDI) have become a significant feature in a number of major Australian restructurings and insolvencies, according to the firm. DDI-driven restructurings allow external fund providers to invest funds in a financially distressed company to achieve returns through its rehabilitation. “[Dunstone’s] appointment emphasises HDY’s commitment to moving with market developments including the development of distressed debt investing in Australia,” Purcell said.

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