Orla McCoy

Biography

Orla is a Partner and the Co-head of our Restructuring and Insolvency group.

She has acted on some of the largest Australian (and cross-border) insolvency, distressed workout and debt restructuring matters. With over 20 years of local and international experience, Orla is widely regarded as one of the leading practitioners in her field and is a Fellow of INSOL International.

Clients, including corporates, financial creditors, private capital / funds, insolvency practitioners and the Commonwealth Government seek Orla’s expertise on both debtor and creditor-side corporate restructuring and external administration matters mandates. She acts on formal appointment matters (including insolvency-related Court proceedings), on safe harbour engagements, lender engagements and enforcement, corporate restructuring (including distressed debt investment and loan-to-own strategies) and cross-border insolvency matters. 

Orla also has expertise in Personal Property Securities Act law and has acted on a number of Australia’s ground-breaking and legal-precedent setting engagements. 

Experience

Orla’s experience includes advising:

  • Grant Thornton, as administrators of 19 entities in the Okami Japanese Restaurant group, on the group’s administration and ultimate successful restructure.

  • Deloitte as administrators of IG Power (Callide) and its related entities regarding a very complex and highly contentious administration.

  • FTI Consulting as administrators of Panoramic Resources group regarding Western Australia proceedings (determined in favour of the administrators) on the scope of a secured party’s security interest.

  • The Commonwealth on multiple matters including Spitfire Corporation administration and key legal proceedings.

  • FTI Consulting as administrators of Jenny Craig Weight Loss Centres on an expedited sale transaction to a private equity firm, conducted against the backdrop of US Chapter 7 bankruptcy proceedings.

  • The administrators of Virgin Australia Airlines on the administration and restructure of the group and sale to Bain. Successful Australian High Court proceedings created the first interpretation, globally, of the CTC treaty.

  • Intermediate Capital Group on the successful operational and financial restructure of SCF Group via receivership and contemporaneous administration, followed by a credit bid and debt for equity conversion.

  • Commonwealth (CDWR) on the application by the liquidators of RCR Tomlinson involving complex questions of the Corporations Act and PPS law and statutory priority arising out of the distribution of a $100 million fund.

  • Pacific National on the receivership and administration of Scott’s Refrigerated Logistics.

  • A significant commercial counterparty of Speedcast International Limited on a distressed M&A transaction arising following the US Chapter 11 bankruptcy proceedings.

  • Significant corporate finance clients on strategy and process for the remediation of defective PPS registrations, including making applications to Court for rectification of thousands of invalid registrations.

Awards and Recognition

  • Legal 500 Asia-Pacific 2024

    Leading Individual – Restructuring & Insolvency

  • Chambers and Partners 2024

    Ranked Band 1 – Restructuring & Insolvency

  • IFLR 1000 2023

    Highly Regarded Individual – Restructuring & Insolvency

  • INSOL International Fellowship

    Global Insolvency Practice Course 2017 (Dux)