White & Case launches Financial Restructuring and Insolvency Practice in Australia; adds Timothy Sackar and Jillian McAleese as partners in Sydney
3 min read
Global law firm White & Case LLP has established its Global Financial Restructuring and Insolvency (FRI) Practice in Australia with the addition of Timothy Sackar and Jillian McAleese as partners in Sydney.
"In today's ever shrinking world, large corporate and financial restructuring projects cross multiple jurisdictional boundaries more often than not," said White & Case partner Tom Lauria, head of the Firm's Global Financial Restructuring and Insolvency Practice. "As a recognized leader in the space, we have long been focused on building global expertise and capacity, and we regularly advise clients around the world in a wide variety of business and industry sectors on all aspects of complex restructurings, workouts and insolvencies. Turbulent markets are driving an increase in corporate liability management and restructuring activities. The addition of two new members to our restructuring team in Australia, with strong expertise throughout the Pacific Rim, marks an important next step in our continuing commitment to serve our clients across the full spectrum of the distressed continuum."
White & Case partner Eugene Man, Regional Section Head, Asia-Pacific Banking & Capital Markets, said: "We are launching our FRI practice in Australia with two highly regarded lawyers with stellar market reputations built on strong and successful practices that have exciting synergies with our existing capabilities in Asia-Pacific and globally. Timothy is a recognized restructuring leader with a market leading practice who has advised on some of the most significant matters in Australia and other key global markets. Jillian is a talented senior lawyer and rising star of the Australian restructuring market with a track record of advising on some of the most important recent cross-border and domestic restructurings."
Timothy's practice focuses on financial restructuring, distressed investing and insolvency. He has been involved in numerous significant matters in Australia, the wider Asia-Pacific region and in the UK, advising debtors, financial creditors, sponsors, bondholders and directors on all aspects of restructurings, workouts and cross-border insolvencies. Timothy's extensive experience includes advising on distressed investments and restructuring strategies generally, voluntary and compulsory insolvency regimes and the sale of non-performing loan portfolios. He joins White & Case from Clayton Utz, where he was a partner, national practice group leader for the restructuring & insolvency group as well as leader of the alternate investments funds practice. He brings 25 years of experience.
Jillian's practice focuses on financial restructuring and insolvency. She has been involved in some of the most significant cross-border and domestic restructuring deals in recent years, advising both debtors and creditors on distressed investment and debt trading, security analysis and contingency planning and debt recovery. Her extensive experience includes formal insolvency administrations and litigation and dispute resolution, and Jillian also advises alternate capital providers on distressed investments and other Australian investment opportunities. She also joins White & Case from Clayton Utz, where she was special counsel, and brings more than ten years of experience.
"The arrival of Timothy and Jillian represents another significant broadening of our capabilities in Australia and a further strengthening of our bench in Sydney, as White & Case continues to invest in the Australian market," said Kate Perumal, White & Case Office Executive Partner in Sydney. "It follows the recent launch in Sydney of our Australian antitrust practice and our Australian debt finance practice, as well as the expansion in Sydney of our mergers and acquisitions capabilities in Australia."
White & Case partner Don Baker, a member of the Firm's global Executive Committee, said: "White & Case continues to develop its impressive presence in Australia, where our leading project development and finance practice is complemented by sophisticated corporate, disputes, antitrust and leveraged finance capabilities. Adding a first class financial restructuring practice is an important extension to our platform as we continue to expand the services we provide to our clients in Australia and the wider Asia-Pacific region."
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