Tony Vero is a commercial litigator with over 25 years' experience in insolvency, recoveries and financial services litigation.
He has been involved in some of Australia's most significant and complex insolvencies in the last decade, advising receivers, administrators and liquidators.
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Litigation and Dispute Resolution
Australian Securities and Investment Commission: Currently advising ASIC in its civil penalty proceedings against former directors and officers of companies in the James Hardie Group, ABN60 Pty Limited and James Hardie Industries NV.
IATA: Conducted a number of cases for the member airlines of the International Air Transport Association (IATA), successfully upholding the validity of the trust provisions of the IATA Passenger and Cargo Agency Agreements against receivers and liquidators of insolvent travel agencies.
Qintex Group: Acted for a major film supplier on the liquidation of the parent company in the Qintex Group. The advice included major issues such as the authority of directors to act on behalf of a company and corporate retainers.
Financial transactions litigation: Acted in litigation concerning all forms of financing transactions including bill facilities, factoring, commercial leasing and bailment facilities. Successfully conducted the defence of foreign currency loan cases.
One.Tel: Advised the receivers in relation to the collapse of telecommunications operator One.Tel.
See Litigation and Dispute Resolution
Insurance and Risk
HIH: Advised the liquidators of the HIH Insurance Group in relation to various recovery actions against auditors, actuaries, directors and others. The HIH Insurance Group collapsed in 2001 with a deficiency estimated at between A$5 billion and A$7 billion.
See Insurance and Risk