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Zina Edwards

Special Counsel
+61.2.9513.2577
Fax +61.2.9513.2399

Ms. Edwards has extensive experience advising major trading and investment banks, syndicates, funds and public companies in relation to various high profile and complex financial turnarounds, restructurings and special situations.

Ms. Edwards has worked on a large number of distressed and performing portfolio sale transactions in Australia and across Asia acting for both purchasers and sellers. She also has experience with debt trading and structured finance transactions.

Professional Background

Prior to joining K&L Gates in 2016, Ms. Edwards spent four years working in the restructuring, turnaround and insolvency team of a large Australian and international law firm. Ms. Edwards also spent six years in London working in the global restructuring group of a magic circle law firm.

Professional/Civic Activities

  • Law Society of NSW member.
  • Turnaround Management Association of Australia Member.
  • Chair of New South Wales Chapter of TMA NextGen.
  • Member of the Global TMA NextGen Executive Committee.

Speaking Engagements

  • Ms. Edwards is regularly involved in presentations on restructuring and turnaround issues as part of her role as Chair of TMA NextGen.
  • Ms. Edwards is a presenter of the APLMA Insolvency Primer course.
Restructuring and turnaround
  • Advising a listed Australian company in relation to negotiations with its lender group in respect of a recapitalisation proposal put forward by an US private equity fund. 
  • Advising a listed Australian company on insolvency scenario modelling and analysis including coordination of foreign counsel advice to access likely outcomes and recoveries in an insolvency across a large multi-jurisdictional group.
  • Advising KKR and Olympus on their exposure to the Keystone Group including negotiation on standstill agreement and intercreditor with equity investors. 
  • Advising various Goldman Sachs funds as mezzanine lenders to the Nine Entertainment Group in relation to the successful restructuring, through a scheme of arrangement, of over A$3.3 billion of senior and mezzanine debt.
  • Advising Goldman Sachs on their exit strategy in relation to various mezzanine investments, including SuperAmart and Hirepool.
  • Advising several major Australian banks in relation to insolvency and enforcement issues including fraud investigation and recovery strategies.
  • Advising Quinn Group Limited in relation to the restructuring of EUR1.3 billion of debt owing to the group's financial creditors. The restructuring included the split of the group and its debt into manufacturing and non-manufacturing divisions (remaining under common ownership).
  • Advising several groups of lenders in relation to the US$887 million restructuring of the Interpipe group, one of Ukraine's largest producers of pipe products and railway with divisions in the US, Cyprus, Kazakhstan and Switzerland.
  • Advising the Co-ordinating Committee of Lenders in relation to the successful restructuring of a EUR175mn facility lent to a German industrial group, which also left in place (or converted to equity) a further EUR135mn of junior high-yield bonds.

Debt trading, portfolio acquisitions and financing

  • Advising a consortium of Deutsche Bank and Sankaty on the financing of their successful bid to purchase a diversified portfolio of asset backed loans from GE.
  • Advising a consortium comprised of KKR, Värde and Deutsche Bank on the financing of their acquisition of GE’s consumer credit business in Australia including the capitalisation of the purchasing structure.
  • Advising Deutsche Bank on its secondary purchase of a portfolio of loans acquired by Sankaty from JP Morgan. The purchase involved complex structuring to deal with consent and local law requirements that prohibited direct transfers on some of the loans.
  • Advising a consortium comprised of Morgan Stanley and Blackstone funds on their acquisition of a portfolio of approx. US$1 billion of troubled Australian property loans from Lloyds Banking Group, and management of the loans post acquisition.
  • Advising Deutsche Bank on the acquisition of a several portfolios of consumer and business loans from the Receivers of Banksia Group.
  • Advising Deutsche Bank on the secured financing to Sankaty of its acquisition of an approx. US$660 million loan portfolio from Lloyds Banking Group.
  • Advising Suncorp on the sale of a US$1.6 billion portfolio of non-core real estate, development and corporate loans to Goldman Sachs.

Insolvency
  • Acting for the receivers and managers of several property developments, retail businesses and commercial and agricultural property in Australia. 
  • Acting for the receivers of several European and US structured finance vehicles (CDOs) including G Square, Tremonia, Coltrane and Palmer Square 2.
  • Advising numerous creditors (including major financial institutions in the UK, US, Switzerland, Japan and Taiwan) in relation to their exposure in the administration of Lehman Brothers International (Europe) and other Lehman insolvency proceedings.