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HDY handles Hastie collapse
Henry Davis York (HDY) has been appointed as legal advisor to the administrators of Hastie Group Ltd; Ian Carson, David McEvoy and Craig Crosbie of PPB Advisory.
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Firm: Henry Davis York (Hastie Group administrators)
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Deal: Hastie Group administration
Area: Corporate insolvency
Value: Undisclosed
Key players: HDY senior insolvency and restructuring partner Roger Dobson (pictured) is leading the multidisciplinary HDY legal team for the administration of the 44 companies in the Hastie Group.
Deal significance: "While it is not the largest administration Australia has seen, the Hastie Group administration is extremely significant in terms of the flow-on effect it will have to the building and construction industries," said Dobson. Hastie Group is a provider of technical and engineering services to the building, infrastructure and resources sectors. It has operations in Australia, New Zealand, the UK, Ireland and the Middle East and has approximately 7000 employees worldwide, including approximately 4000 in Australia. The administrators will remain in control of the companies that comprise the mechanical, electrical and plumbing (MEP) businesses.
