Firms To Watch: Restructuring and insolvency

Vince&Rice is a specialist New Zealand firm focused on banking, finance, and restructuring, founded in December 2018 by John-Paul Rice, who previously spent eight years as a partner in the finance practice at Russell McVeagh.

Restructuring and insolvency in New Zealand

Buddle Findlay

Buddle Findlay acts for a wide range of liquidators, administrators, and receivers across diverse sectors. The team is led by Scott Abel, who advises on insolvency, debt restructuring, banking, and securities matters. Scott Barker focuses on front-end litigation with additional experience in non-contentious work and close links to the insurance market. David Broadmore is a commercial litigation specialist with deep expertise in insolvency-related disputes. The team is further supported by Kelly Paterson, whose practice centres on commercial litigation with an insolvency focus.

Praxisleiter:

Scott Abel


Weitere Kernanwälte:

Scott Baker; David Broadmore; Kelly Paterson


Referenzen

‘Scott Abel – technically brilliant. Mace Gorringe – a real up-and-comer.’

‘We feel very supported by the whole team.’

‘Scott Abel, Mace Gorringe, Luke Sizer and the wider team are exceptionally strong across all insolvency/restructuring and dispute matters. They are often our go-to-team.’

Kernmandanten

Bank of New Zealand


McGrathNicol


Grant Thornton


PwC


Calibre Partners


BDO


ANZ Bank New Zealand Limited


FTI Consulting


Ayers Alliance Financial Group Limited (In Administration)


Highlight-Mandate


  • Advising Grant Thornton as liquidators of the Solar Zero Group, an integrated solar energy and storage business under the ’solarZero‘ name, with a core proposition of delivery of ‘energy as a service’ providing roof-top solar and battery systems to residential customers across New Zealand.
  • Advising a substantial secured creditor of property developments within the Du Val Group in relation to the appointment by the New Zealand government of statutory managers (PwC) to the whole Du Val Group.
  • Representing Bank of New Zealand as senior secured creditor of, and McGrathNicol as receivers of, the Waitonui Group which formerly operated one of the largest corporate dairy farm businesses in New Zealand.

Chapman Tripp

Chapman Tripp's restructuring and insolvency team is led by Michael Harper and Michael Arthur, who are described by clients as 'two of the very best in the market'. The practice advises corporate debtors, directors, lenders, creditors, receivers, liquidators and administrators. The group covers debt restructuring, workouts, voluntary administration, creditor compromises, schemes of arrangement, distressed transactions, receiverships and enforcement. Supporting the leaders is Janko Marcetic, whose experience and industry range continue to grow.

Praxisleiter:

Michael Harper; Michael Arthur


Weitere Kernanwälte:

Janko Marcetic


Referenzen

‚This practice is built around the exceptional partnership of Micheal Harper and Michael Arthur – widely regarded as two of the very best in the market.‘

Kernmandanten

Crown Regional Holdings Limited (CRHL)


PwC


Calibre Partners


AH Construction Services Limited (AHC)


Compass Group New Zealand Limited


Highlight-Mandate


  • Advising the Crown in relation to its position as the secured creditor in the voluntary administration, liquidation, and receivership of Ruapehu Alpine Lifts Limited.
  • Representing PwC as statutory managers for the Du Val Group, a property development group, and the court-appointed receivers over the founders of Du Val, Kenyon and Charlotte Clarke and closely-held entities. The Du Val statutory management is the first major use of the regime in over 14 years.
  • Assisting Calibre Partners, the receivers for Claymark Group, in negotiating ongoing arrangements with suppliers, customers and employees in an effort to maintain the ability to sell the business as a going concern.

Russell McVeagh

Russell McVeagh‘s insolvency and restructuring team, led by Matthew Kersey, has advised across distressed sectors including property development, construction, hospitality, retail, and primary industries. The firm has acted in major restructurings, voluntary administrations, creditor enforcements, and distressed investments, leveraging its transactional expertise to maximise recoveries. The team has significant exposure to cross-border mandates which strengthens its global experience. Alex MacDuff, Kirsten Massey, and Nathaniel Walker are all respected insolvency specialists, while banking and finance partner John Powell regularly assists banks and corporates on restructuring matters. Jeremy Upson‘s promotion from special counsel to partner in December 2024 only strengthens the team.

Praxisleiter:

Matthew Kersey


Weitere Kernanwälte:

Alex MacDuff; Kirsten Massey; Nathaniel Walker; John Powell; Jeremy Upson; Sam Jones


Referenzen

‘Market-leading insolvency practice, led by Matthew Kersey.’

‘Matthew Kersey is outstanding. In my view, he is the top insolvency practitioner in the country. He has a deep knowledge of insolvency law and practice and is great with clients.’

‘The team work well together to ensure a high quality of delivery, responsiveness and availability. They are across each other’s work and present a unified front.’

Kernmandanten

ANZ Bank New Zealand Limited


Westpac New Zealand Limited


Calibre Partners


PricewaterhouseCoopers


KPMG


Grant Thornton


McGrathNicol


Merricks Capital


Global Credit Investments


Accolade Wines Australia Limited


Highlight-Mandate


  • Counselling Accolade Wines, a premium global wine business, in a complex cross-border restructuring involving a debt-for-equity swap and recapitalisation ahead of debt maturities in 2024 and 2025.
  • Advising China Construction Bank as secured creditor to Du Val Build to Rent LP and related companies, and acting for Calibre as CCB’s appointed receivers.
  • Representing ANZ Bank New Zealand Limited as senior lender to Ruapehu Alpine Lifts Limited.

Anthony Harper

Anthony Harper‘s insolvency team advises on complex distress and recovery matters across New Zealand. The national team, led by partner Crispin Vinnell, operates from Auckland and Christchurch, and includes Dan Hughes and Chloe Jolliffe, with support from Richard Idoine. The team works closely with receivers, liquidators, administrators, and investigative accountants. With Vinnell bridging banking and insolvency practices, and Jolliffe providing expertise in restructuring, the team combines experience across insolvency, providing guidance for complex challenges.

Praxisleiter:

Crispin Vinnell


Weitere Kernanwälte:

Dan Hughes; Chloe Jolliffe; Richard Idoine; Chris Dann; Joey James


Referenzen

‘The team have a strong restructuring and service offering.’

‘I enjoy the approachable nature of the partners and associates. Chris Dann has been great from a commercial perspective.’

‘Dan Hughes, and Joey James are very personable and take a pragmatic and commercial approach to problems. They mix the right level of commerciality with legal clout.’

Kernmandanten

Avior Consulting Pty Ltd


Cor Cordis Pty Ltd


Fixity Limited


Grant Thornton


McGrathNicol


Meltzer Mason


PKF Corporate Recovery and Insolvency (Auckland) Ltd


Reforma Limited


Rodgers Reidy


Southbase Construction Ltd


Highlight-Mandate


  • Acting for the liquidators of the Sunbow group of companies, providing full legal support, including court representation.
  • Advising McGrathNicol on the proposed distribution of funds in the liquidation of CBL Insurance Limited, focusing on how New Zealand’s insolvency distribution regime intersects with the Insurance (Prudential Supervision) Act 2010.
  • Acting for Body Corporate 346086 in seeking the appointment of administrators and approval of a section 74 scheme to support the delivery of New Zealand’s largest residential remediation project – estimated at $240 million.

Bell Gully

Bell Gully's restructuring and insolvency practice is led by Tim Fitzgerald, 'an amazing litigator' who oversees the majority of the firm’s work in this area. The team's work covers corporate restructurings, distressed debt transactions, asset realisations, and complex insolvency cases. Sarah Anderson-Butler, a partner in the banking and finance practice, specialises in restructuring and insolvency and works closely with Tim on these matters. The team’s experience spans multiple industries, handling significant cases and demonstrating expertise and engagement within the New Zealand market.

Praxisleiter:

Tim Fitzgerald


Weitere Kernanwälte:

Sarah Anderson-Butler


Referenzen

‘Tim Fitzgerald – an amazing litigator.’

Kernmandanten

Regus Property Group


Air New Zealand


PWC


BDO


ASB


1769 Capital


1543 Capital


ANZ Bank New Zealand Limited


ASB Bank


Pearl-Fisher


IFM Investors


Calibre Partners (formerly: KordaMentha)


PAG


McGrath Nicol


KPMG


BNZ


Grant Thornton


Ferrier Hodgson


Highlight-Mandate


  • Acts as liquidators (assisting John Fisk and Craig Sanson of PwC) for NF Global Limited (in liquidation), part of the Northern Fides group, which operated an international online funds transfer platform. The company was placed into liquidation in New Zealand with minimal assets and creditor claims totaling nearly $50 million.
  • Advises Bryan Williams as secured lender and receiver of Austino Parkside Limited (in liquidation and receivership), overseeing the 23-unit Mount Wellington apartment development, and of CDF Wealth Limited (in receivership).
  • Advised 1543 Capital on debt restructuring options, including receivership, mortgagee sale, and credit bid, in relation to property SPVs linked to a golf course development by Gregory Olliver.

MinterEllisonRuddWatts

Offering a ‘close-knit’ and 'highly capable' team, MinterEllisonRuddWatts  handles complex restructuring and insolvency matters, including administrations, cross-border restructurings, and insolvency litigation. Sean Gollin is a developed restructuring and insolvency practitioner. Michael Langdon acts for major banks and insolvency teams. Richard Gordon works on precedent-setting insolvency cases and advises bank recovery teams. Charlotte Carey provides support across matters, and Nick Frith brings additional expertise.

Praxisleiter:

Sean Gollin; Michael Langdon


Weitere Kernanwälte:

Richard Gordon; Charlotte Carey; Nick Frith


Referenzen

‚Good cross-over between commercial and dispute resolution disciplines in restructuring. Strong mid-market position.’

‘Michael Langdon – good communicator, easy to work with.’

‘Close-knit team with a good mix of youth and experience, all highly capable. All members have proven easy to deal with and commercial in their approach. They are in the top few in NZ restructuring and insolvency firms.’

Kernmandanten

ANZ


ASB


BNZ


Westpac


Rabobank


HSBC


PwC


Deloitte


KPMG


BDO


KordaMentha


McGrathNicol


Grant Thornton


LPF Group Limited


Simpson Grierson

Simpson Grierson has a dedicated restructuring and insolvency practice, integrated within its national banking and finance group. The team combines specialist insolvency litigators and transactional lawyers, allowing close collaboration across disciplines. Co-lead James Caird is a litigator who appears in complex restructurings and insolvencies. Fellow co-lead Josh Cairns focuses on corporate restructuring, debt workouts, and insolvency assignments. Senior litigator Ben Upton further supports the practice with expertise in banking, asset recovery, and insolvency disputes.

Praxisleiter:

Josh Cairns; James Caird


Weitere Kernanwälte:

Ben Upton


Referenzen

‘The team have a strong diverse partner offering in the business restructuring space, nothing especially unique or special – just good at what they do.’

‘I have enjoyed working with Josh Cairns, Steve Flynn and Nick Chapman. All have excellent knowledge, are easily approachable and provide concise and clear advice.’

‘James Caird – hell of a lawyer. Ben Upton – very smart and astute.’

Kernmandanten

Arena Investors


ASB Bank


Bank of New Zealand


BDO


Calibre Partners


Deloitte


Grant Thornton


Heartland Bank


KPMG


McGrathNicol


PwC


Westpac


Dentons New Zealand

Dentons New Zealand‘s team acts for leading financial institutions and other significant players in the insolvency market. Its work covers alternatives to formal insolvency appointments. A particular focus is collaborating with the firm’s construction and major projects team on restructurings, debt recovery, enforcement, priority disputes, and voidable transactions. The team is led by James McMillan, supported by David Shillson and Joshua Jones, who bring experience in commercial matters across New Zealand.

Praxisleiter:

James McMillan


Weitere Kernanwälte:

David Shillson; Joshua Jones; Nick Scott; Patrick Glennie


Referenzen

‘James McMillan, Nick Scott and Patrick Glennie combine to make a very strong, commercial and insolvency/restructuring focused team.’

‘James McMillan is very conscientious and adept at managing the risk profiles on all engagements. Nick Scott takes a very practical and level-headed approach to commercial matters, ensuring robust advice.’

 

DLA Piper New Zealand

'Providing strong and clear advice in a user-friendly way', DLA Piper New Zealand's restructuring and insolvency team advises on domestic and international insolvencies across sectors including consumer goods, financial services, real estate, energy, and construction. Acting for banks, insolvency practitioners, and corporates, the team provides guidance on high-value restructurings and major insolvencies. Michael Thompson and Rachel Brown co-head the practice, supported by Iain Thain, and all bring experience in cross-border matters.

Praxisleiter:

Michael Thompson; Rachel Brown


Weitere Kernanwälte:

Iain Thain


Referenzen

‘Rachel Brown and Michael Thompson lead a strong team that provides great legal advice in a timely and commercial manner.’

‚The team has a pragmatic approach, providing strong and clear advice in a user-friendly way.’

Kernmandanten

Chair of The StarJam Charitable Trust


New Zealand Green Investment Finance Limited


Highlight-Mandate


  • Advising the board of StarJam regarding its proceedings to put StarJam into liquidation.
  • Representing New Zealand Green Investment Finance Limited in connection with its facilities provided to solarZero and the solarZero securitisation trusts following the liquidation of solarZero and its subsidiaries.

Lane Neave

Led by Ben Russell, James Cochrane, and Evelyn Jones, Lane Neave's restructuring and insolvency practice advises directors, insolvency practitioners, and business stakeholders in distressed situations. The team provides guidance on corporate governance, director obligations, asset realisations, and creditor priorities. The practice handles corporate recoveries, debt restructuring, and formal insolvency appointments, often collaborating across the firm’s corporate, banking, and finance teams. With a growing team, Lane Neave is involved in complex matters, delivering practical advice.

Praxisleiter:

Ben Russell; James Cochrane; Evelyn Jones


Referenzen

‘Strong leadership and a competitive fee structure.’

‘James Cochrane has a practical attitude and broad insolvency experience.’

‘Working with James Cochrane and his team has been an exceptional experience, primarily due to their unwavering commitment to client satisfaction, innovative problem-solving, and unmatched expertise in their practice areas.‘

Kernmandanten

PwC as liquidators of Genetic Development (NZ) Exports Limited Partnership


Khov Jones Limited as receivers of Tekapo 1 Limited, Tekapo 2 Limited, Tekapo 3 Limited, Tourist Hotel Corporation Limited and Tourist Hotel Corporation Finance Limited (Group).


Deloitte New Zealand


Mackay Goodwin (Sydney, Australia)


Grant Thornton New Zealand Limited as liquidators of Satori Holdings Limited (in Liq)


Yan Liang


Deloitte New Zealand


Mayne Wetherell

Mayne Wetherell‘s team advises secured creditors, receivers, boards, trading banks, credit funds, and insolvency practitioners. The practice is co-led by Will Tipping and Jane Innes-Jones, with both offering experience in restructuring, insolvency, and banking. The team is trusted for handling complex restructurings and insolvency matters, providing focused advice. The team’s experience spans creditor disputes, enforcement strategies, and corporate recovery, with collaboration with leading barristers, ensuring effective solutions for banks, corporates, and international funds navigating insolvency and restructuring situations.

Praxisleiter:

Will Tipping; Jane Innes-Jones


TWA Legal Limited

TWA Legal Limited is co-led by Kerry Puddle and Jennifer Tunna, two experienced restructuring and insolvency lawyers. Puddle has presented matters on insolvency law, while Tunna has been an insolvency specialist for nearly 20 years. Michael Anderson, who has over 30 years’ experience advising on banking, restructuring, and insolvency matters, also supports the team.

Praxisleiter:

Jennifer Tunna; Kerry Puddle


Weitere Kernanwälte:

Michael Anderson


Kernmandanten

Deloitte


McGrathNicol


Khov Jone


BDO Tauranga Ltd


BDO Auckland Ltd


Rodewald Consulting Ltd