Karen O'Flynn is recognised domestically and internationally as a leading restructuring and insolvency practitioner. She also heads our restructuring and insolvency practice and serves as a member of the Clayton Utz board.

She is praised by clients for being "very client-focused, robust and happy to stand up for her views" (Chambers Asia-Pacific 2014), and her superior legal skills have been recognised at the Euromoney LMG Asia Women in Business Law Awards and the Euromoney LMG Australasian Women in Business Law Awards.

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Expertise

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Restructuring and Insolvency

Lehman Brothers: Karen is advising the liquidators of the Australian Lehman Brothers companies which, prior to their collapse, formed part of the fourth largest financial institution in the world.

 

APRA appointed acting trustee: Karen is advising the acting trustee of 5 superannuation funds, with $300 million under management, appointed by the Australian Prudential Regulation Authority.

 

Insolvent foreign bank: Karen is advising the foreign representatives of an insolvent European bank on its successful application for recognition under the Cross Border Insolvency Act.

 

Managed Investment Scheme: Karen is acting for the secured lenders to 30 forestry managed investment schemes involving more than 6,000 growers.

 

Discount variety retail group: Karen 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: Over seven years, Karen 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.

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Insolvency

Lehman Brothers: Karen is advising the liquidators of the Australian Lehman Brothers companies which, prior to their collapse, formed part of the fourth largest financial institution in the world.

 

APRA appointed acting trustee: Karen is advising the acting trustee of 5 superannuation funds, with $300 million under management, appointed by the Australian Prudential Regulation Authority.

 

Insolvent foreign bank: Karen is advising the foreign representatives of an insolvent European bank on its successful application for recognition under the Cross Border Insolvency Act.

 

Managed Investment Scheme: Karen is acting for the secured lenders to 30 forestry managed investment schemes involving more than 6,000 growers.

 

Discount variety retail group: Karen 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: Over seven years, Karen 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.

See Insolvency

Litigation and Dispute Resolution

Lehman Brothers: Karen is advising the liquidators of the Australian Lehman Brothers companies which, prior to their collapse, formed part of the fourth largest financial institution in the world.

 

APRA appointed acting trustee: Karen is advising the acting trustee of 5 superannuation funds, with $300 million under management, appointed by the Australian Prudential Regulation Authority.

 

Insolvent foreign bank: Karen is advising the foreign representatives of an insolvent European bank on its successful application for recognition under the Cross Border Insolvency Act.

 

Managed Investment Scheme: Karen is acting for the secured lenders to 30 forestry managed investment schemes involving more than 6,000 growers.

 

Discount variety retail group: Karen 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: Over seven years, Karen 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.

See Litigation and Dispute Resolution

Knowledge

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