Craig in 60 seconds

Craig has over 15 years' experience in banking, restructuring, insolvency and commercial litigation, and is recognised by his clients and peers as a leading practitioner in all aspects of banking and insolvency law.

Craig has advised Australia's leading banks on numerous corporate collapses, and has acted for voluntary administrators, liquidators, provisional liquidators and receivers and managers in many high-profile corporate insolvencies.

Craig also has extensive experience in bank related litigation involving secured and unsecured debt recovery, cheque conversion, fraud and unconscionable conduct claims and significant experience in breach of director duty litigation. He has acted for secured creditors in respect of financial ombudsman complaints.

Craig regularly presents to banking and accounting clients on legal issues and various aspects of banking and insolvency law and is published in the Australian Insolvency Journal.

Qualifications


  • BA LLB (First Class Hons)

Industry associations

  • Member of the Australian Restructuring Insolvency & Turnaround Association (ARITA)
  • Member of INSOL International

Craig's Recent Experience

Big 4 Australian Bank

Acting for a creditor of the Tinkler Group and, through the leverage of enforcement action, achieving a resolution through multi party agreements and various asset sales to recover the significant debt owed to the creditor.

Major Institutional Bank

Advising in recovery of $50m debt supported by security over various developments including a shopping centre which involved a workout and restructure of the debt and litigation to recover funds dissipated by officers of the borrower.

Provident Capital

Acting for the debenture trustee in the groundbreaking appointment by the court of receivers based upon a concern regarding Provident's ability to repay all debenture holders equally as and when they were due for payment but in circumstances where Provident was not in any default under the terms of the debentures and had not missed any payments to date. We have acted on the restructure of Provident under the terms of the trust deed, and on the work out of its $250m portfolio of distressed and impaired assets.

Westpac

Advising Westpac Banking Corporation as a secured creditor in the collapse of HIH, which ultimately resulted in the recovery of all of Westpac's debt.

Craig's Recent Insights

Insolvency Law Reforms – how they affect you

  • 10 May 2017

Australian insolvency laws have been criticised for precipitating value destruction and terminal decline in the life of a company.   To address this the Australian Government recently r...

Court approval required for post-administration security interest grants

  • 31 Mar 2017

In a decision of the Federal Court of Australia handed down today, the Court has clarified that lenders to companies in external administration taking registered security interests under the Person...

High Court confirms direct right against third party's insurer

  • 04 Mar 2016

4 March 2016INTRODUCTIONThe High Court of Australia has unanimously held that third party claimants can join the insurer of an insolvent insured defendant to proceedings, to seek a declaration that...

Liquidators' power to obtain documents confirmed

  • 01 Oct 2015

1 October 2015The Federal Court has dispelled all doubt about the ability of liquidators to obtain documents relevant to the examinable affairs of a company in liquidation in advance of the fi...