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Leonard McCarthy

Special Counsel
Fax +61.2.9513.2399

Mr. McCarthy is a leading insolvency and reconstruction lawyer based in Sydney, Australia. In practice since 1999, he has worked on some of Australia's largest insolvencies and informal workouts. These insolvencies cover a range of industries including: acting on an 18 month trade-on receivership and ultimate sale of what was then the world's largest childcare centre operator; acting for the receivers on the collapse of Australia's first and only private satellite operator; and acting on the administration and then liquidation of a large multinational Australian construction company.

Mr. McCarthy has a particular interest in cross-border insolvency. These issues have factored significantly in several of the matters he has acted in. He is a Fellow of INSOL International, having completed the Global Insolvency Practitioner's Course in 2014, graduating with honours. He was named one of Global Restructuring Reviews '40 under 40' in 2016.

In addition to his insolvency and reconstruction experience, Mr. McCarthy has extensive experience in commercial litigation, banking litigation, security enforcement and fraud recovery. Mr. McCarthy is also a recognised specialist in the application of the Personal Property Securities Act 2009 (Cth).

Professional Background

Prior to joining K&L Gates, Mr. McCarthy was a partner from 2010 to 2015 at a leading Australian insolvency law firm, where he was the client relationship partner for a leading Australian insolvency, advisory and forensics accounting firm.

Professional/Civic Activities

  • Australian Restructuring, Insolvency and Turnaround Association (ARITA), member
  • International Association of Restructuring, Insolvency and Bankruptcy Professionals (INSOL), member 
  • Law Council of Australia, Insolvency and Reconstruction Law Committee, member 
  • Law Society of New South Wales, member 
  • Turnaround Management Association, member 
  • Model Law Implementation Committee, INSOL, member

Speaking Engagements

  • Financial Sector Stability and Corporate Insolvency, Bank Negara Malaysia-World Bank Group, Credit Infrastructure Program 2016, Kuala Lumpur, Malaysia, 4-8 April 2016 (with Mahesh Uttamchandani, Global Lead for Credit Infrastructure in Finance and Markets Global Practice, World Bank and Judicial Commissioner Kannan Ramesh, Supreme Court of Singapore).
  • Insolvency Developments in the International Arena, INSOL International New Delhi One Day Seminar, Cross-Border Insolvency and Restructuring, New Delhi, India, 23 April 2016 (with Neil Cooper (past President, INSOL International), Steven Kargman, (Kargman Associates) and Howard Lam (Latham & Watkins)).Trouble in Shoveltown: A Mining Services Hypothetical Panel Discussion, 13th Annual National Practical Insolvency Conference 2014, Sydney 3-4 March 2014 (with Geoff Green, Fraser Ronald and Nathan Landrey).
  • Cross Border Insolvencies, 12th Annual National Practical Insolvency Conference 2013, Sydney, 18-19 March 2013. 
  • PPS lessons for equipment financiers from recent insolvencies, 19th Annual Australian Equipment Lessors Association Leasing and Equipment Finance Conference 2012, Sydney, 28 November 2012.
  • Pre-packs, Insolvency Practitioners Association of Australia (now ARITA) National Conference, Brisbane, 2 June 2011 (with Paul Billingham). 
  • How to choose the options for rent, recovery and rights available when tenants go insolvent, Lexisnexis, 5th Annual Commercial and Retail Leasing Conference, Sydney, 16 June 2009.

Additional Information

  • Global Insolvency Practice Course, INSOL International, 2014
  • Advanced Insolvency Law and Practice I and II, University of Southern Queensland / Insolvency Practitioners Association of Australia (now ARITA), 2003