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Brendon Watkins
Partner
I have over 33 years experience advising clients on all aspects of insolvency (including restructuring work and formal appointments), with additional expertise focusing on securities enforcement, commercial disputes and general risk management. My clients include all the major banks in Australia and leading accounting firms that specialise in insolvency. I also regularly advise companies and their boards. I am one of only three lawyers in Australia to be recognised as a global expert in Insolvency and Restructuring in Expert Guides, 'Best of the Best' (2014 & 2016).
  • +61 3 8608 2022
  • +61 419 886 003

Career highlights

  • Banking Code
    Acted for a major Australian bank defending claims of unconscionable conduct, misrepresentation and breach of responsible lending provisions in the Banking Code. This case proceeded to the appellate court and has established a benchmark ruling on the relevant provisions of the Code.  
  • BDO restructure and sale
    Acted for Westpac in relation to the restructure of the accounting firm BDO in New South Wales and Victoria, including its subsequent merger with Grant Thornton.
  • Burrup Fertilisers receivership
    Acted for the receivers and managers of the assets and shares in Burrup Fertilisers Pty Ltd, and shares held in the parent entity Burrup Holdings Limited. The secured creditor's exposure to the broader Oswal Group of Companies exceeded A$900 million.
  • Centaur Mining receivership
    Acted for the receivers and managers of Centaur Mining, including in the sale of Centaur's prime nickel mine. The company had secured debts exceeding $650 million.
  • Channel Ten receivership
    Acting for the receivers and managers appointed to the Channel Ten group, advising on all aspects of the receivership including a sale of the group's assets.
  • Elders Group restructure
    Acted for the Elders Group in debt restructure negotiations with a syndicate of banks owed in excess of $1b (and consequentially, in the sale of its agricultural services business and managing a staged exit of their forestry business).
  • Great Southern receivership
    Acted for a syndicate of banks (owed in excess of $800m) and the receivers and managers (McGrathNicol) of the Great Southern Group. We advised on all aspects of the receivership, including a restructuring of the MIS schemes, and a sale of approximately 269,000 hectares of land in the largest private forestry sale by area in Australia.
  • Harris Scarfe insolvent trading claim
    Acted for the non-executive directors of Harris Scarfe in an insolvent trading claim in which the liquidators claimed an amount in excess of $140 million from each director.
  • Lehman Brothers
    Acted on behalf of ANZ in the Lehman’s bankruptcy, including advice on close-out disputes under ISDA contracts.
  • Littore Wine Group receivership
    Acting for the secured creditor (Rabobank) and receivers and managers seeking recovery of an exposure in excess of $120m, including litigation to pursue fraudulent dispositions of property.
  • Opes Prime collapse
    Acted for ANZ in the collapse of Opes Prime Stockbroking, with approximately 1,200 clients and debts to ANZ of over A$700 million, Provided advice on the operation of securities lending agreements, implemented standstill agreements and acted on two class actions.
  • Prime Trust 
    Acted on behalf of the Lendlease Group defending litigation arising out of the insolvent collapse of Prime Trust, defending a claim in excess of $60m. The proceedings, affecting 35 separate parties, involved complex claims based on voidable transaction provisions that were triggered as a consequence of insolvency, as well as equitable claims linked to directors' duties and fiduciary breaches.
  • Steinhoff Asia Pacific Restructuring
    Acting for Steinhoff Asia Pacific to provide urgent restructuring advice following disclosures of accounting irregularities by the global parent which resulted emergency meetings of various banking syndicates. SAP operates across 14 different businesses generating revenue in excess of A$2 billion.
  • Western Metals receivership
    Acted for US noteholders on their exposure to Western Metals, and subsequently, for the receivers and managers of the Western Metals group. Western Metals was then the fourth largest mining company in Australia. Secured debts exceeded $390 million.
  • Westpoint Group liquidation
    Acted for the liquidators of eight of the mezzanine finance companies within the Westpoint property group. Debts exceed $320million.