Financial Services

How do you cut through complex foreign exchange contracts to deliver a cost-effective outcome for creditors?

Submitted by admin on Sun, 11/06/2022 - 23:03

EY Partners were appointed as Administrators of EncoreFX (Australia) Pty Ltd and successfully implemented a process to assess proprietary claims and return funds to impacted creditors.

On 30 March 2020 Adam Nikitins and Stewart McCallum were appointed joint and several Voluntary Administrators of EncoreFX (Australia) Pty Ltd (“EncoreFX”).

How do you manage wide ranging stakeholders through a fast-tracked sale process?

Submitted by admin on Tue, 09/27/2022 - 01:09

EY Partners were appointed as Administrators of Sargon and achieved a successful sale of its business and asset via an accelerated sale process.

On 3 February 2020, Stewart McCallum and Adam Nikitins were appointed Joint and Several Voluntary Administrators of eight entities within the Sargon Group (“Sargon”).

David Kennedy

David is Sydney-based and is currently helping clients who have been impacted by a combination of an increased cost base, increased cost of capital and top-line pressure. David was in EY’s London Financial Restructuring team between 2018 and 2020 during “Brexit” where he was involved in supporting borrowers and their financial stakeholders through some of the largest restructurings in the region, many of which were triggered by the economic impact of the UK’s exit from Europe.

Adam Nikitins

Adam Nikitins is a Partner in our Strategy and Transactions Practice. Adam is based in Melbourne and is a Registered Liquidator.

Adam has worked on a broad range of corporate transactions, refinancing and turnaround assignments, in Australia, Africa, Russia, Europe and the Americas.  Adam’s areas of expertise include independent business reviews, due diligence, refinancing, business improvement / turnaround and insolvency appointments. Adam specialises in managing highly sensitive engagements, with deeply affected stakeholders, on behalf of Businesses, Government and Regulators