APRA appointed acting trustee: Advising the acting trustee of 5 superannuation funds, with $300 million under management, appointed by the Australian Prudential Regulation Authority.
Insolvent foreign bank: Advising the foreign representatives of an insolvent European bank on their successful application for recognition under the Cross Border Insolvency Act.
Managed Investment Scheme: Acting for the secured lenders to 30 forestry managed investment schemes involving more than 6,000 growers.
Discount variety retail group: Advised the receivers and managers of a discount variety retail group with more than 350 stores and 2,500 employees across all mainland states of Australia.
HIH Insurance Group (In Liquidation): Over a period of 7 years, advised the liquidators of the HIH Insurance Group in relation to complex and high-profile recovery actions against auditors, actuaries, directors and others. The HIH Insurance Group collapsed in 2001 with a deficiency estimated between $5 billion and $7 billion.
Secured lenders to securitisation programmes: A significant number of securitisation programmes experienced difficulties in refinancing following the reduction in global liquidity in August 2007. Karen's insolvency expertise was extensively drawn upon by a variety of financial institutions during this period.
