has appointed Restructuring partner Macaire Bromley, formerly a partner at DibbsBarker, in its Sydney office.
Prior to DibssBarker, Bromley worked in Allen & Overy's global Banking (Restructuring) group in London and in Ashurst
's Financial Services (Insolvency & Restructuring) Group.
“Macaire is an accomplished practitioner with almost 20 years' experience, and we're delighted to welcome her to DLA Piper. Her appointment enhances the firm's capabilities in the region, particularly in front-end restructuring, and our expanded team is well positioned to advise clients across the full breadth of restructuring needs, and all disciplines of a meaningful corporate restructure,” said the firm’s John Weber
“Macaire’s appointment follows a period of significant transformation of DLA Piper's corporate and finance capabilities in Australia, in particular in M&A, private equity and equity capital markets,” the DLA Piper managing partner in Australia added.
Bromley’s international experience advising Australian, European and Middle Eastern clients represents a strategic fit for DLA Piper's global Restructuring group which is particularly active in the UK, Europe, US and Asia. Her front-end restructuring and special situations' experience provides additional cross-practice opportunities in Australia, with investment banking and private equity clients, as well as hedge funds and other alternative credit investors.
Her experience includes advising clients such as banks, company boards, and providers of new debt and equity capital on a broad range of restructuring solutions in situations of financial underperformance and more serious distress. She has acted on cross-border restructurings for bank co-ordinating committees in London, advised Her Majesty’s Treasury on the bail-in of the Bank of Cyprus, and acted on the Co-operative Bank’s recapitalisation plan and liability management exercise, involving a complex restructuring of high yield listed securities implemented in part via a UK scheme of arrangement.
Bromley was also involved in several high-profile insolvencies in the financial sector in Australia, including Lehman Brothers Australia, Allco Finance Group and Enron Finance Australia.
Head of Restructuring in Australia, Kon Tsiakis, said: “Macaire's breadth of experience working across traditional restructuring matters, special situations and multi-bank workouts, provides valuable cross-practice opportunities with our Finance and Corporate practices - both of which have significantly expanded in recent years. Our team is well positioned to advise our clients amidst the changing debt market landscape in Australia.”
Bromley, who said she is thrilled to join DLA Piper, commented: “It’s an exciting time to be part of the firm’s journey in Australia and I feel privileged to have access to its incredible bench strength and brand pull overseas. DLA Piper offers a global reach, deep client networks and a pool of expertise across jurisdictions unrivalled by its peers. I look forward to working with my partners and the firm’s clients to assist them in crafting value accretive solutions that avoid the costly outcomes traditionally delivered by insolvency mechanisms.”
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