The new partner “enhances our ability to assist clients on complex domestic Australian and cross-border insolvencies and restructurings,” the firm says
An expert in restructuring and insolvency has been brought in to strengthen Allen & Overy’s partnership in the APAC region.
David Walter joins the firm’s restructuring and recovery practice, working from the Sydney office. He has provided advice on informal restructures and formal insolvencies to a wide range of stakeholders.
He has extensive experience with the real estate, mining and resources, energy, infrastructure, finance, retail, manufacturing, and transport sectors. His clients include public companies and their boards, private equity and portfolio companies, special-situations investors, bank lenders, trustees and insolvency practitioners.
Walter has received recognition from Chambers Asia Pacific, Best Lawyers, Legal 500 and Doyle’s Guide over the years. Prior to joining Allen & Overy, he worked with international firm Baker McKenzie.
Allen & Overy’s managing partner in Sydney, Jason Denisenko, highlighted Walter’s experience in handling stressed and distressed situations as a significant asset for the firm.
“David’s specialist skills and close alignment with A&O’s culture and existing client and sectoral focus make him an invaluable addition to the team,” Denisenko said. “We know that our clients will face new and unforeseen challenges post COVID-19, and David’s experience assisting with stressed and distressed situations is an integral part of how we will now be able to help our clients domestically and in cross-border transactions.”
Richard Woodworth, co-head of the APAC restructuring group, said that Walter’s “deep sector experience” would boost Allen & Overy’s ability to serve clients in the region.
“[David’s] appointment strengthens an already market-leading team and enhances our ability to assist clients on complex domestic Australian and cross-border insolvencies and restructurings,” Woodworth said.
The firm said that with the full integration of the APAC restructuring and recovery practice into Allen & Overy’s global restructuring group, clients can obtain “seamless advice covering all of the major restructuring hubs across a network of more than 40 offices.”