Banking and finance in Australia


The full-service finance practice at Allens leverages its alliance with the Linklaters network to assist domestic and international bank clients, as well as global corporates and funds in the full range of banking work across all asset classes. The team is well regarded for its syndicated corporate, acquisition and asset financing expertise. Leading figure Alan Maxton routinely counsels blue-chip borrowers in Australia, along with sponsors and lenders, and is supported by Tom Highnam on fund finance and derivatives work. Mark Kidston‘s acquisition and leveraged financing practice is complemented by Jo Folan‘s experience in property finance. Renee Boundy, Ben O’Hoy and Rita Pang are recommended for asset and bilateral finance matters.

Practice head(s):

Alan Maxton

Other key lawyers:

Tom Highnam; Mark Kidston; Jo Folan; Rita Pang; Renee Boundy; Ben 0’Hoy


Fantastic knowledge of the business and the history of the various debt structures the company has used in the past. Provides excellent advice on market trends and what the company can push through with documentation.’

‘They provide sound advice and they explain issues clearly. When I call Allens with a question, they provide me with a yes or no answer. Their written advice is succinct and easy to follow.’

‘Stand out partner is Jo Folan. Jo provides sound advice, and explains issues clearly. Jo is a wonderful hands-on partner – she tries her best to make herself available for urgent matters.’

Key clients

The Star Entertainment Group

Woolworths Limited

STC Logistics

IFM Investors

ESR Australia

Zenith Energy

CSL Limited

Westpac Banking Corporation

Charter Hall


Work highlights

  • Advised The Star in relation to its A$1.1bn debt facilities which are anchored by a common terms deed poll, including the establishment of the lending platform.
  • Advised CSL Limited on the acquisition of Vifor Pharma by CSL Behring (a subsidiary of CSL Limited) and the associated financing.
  • Advised Mike Cannon-Brookes’ Galipea Partnership on the acquisition of a 11.28% stake in AGL through a series of highly structured equity derivative trades.


With ‘unparalleled knowledge of corporate-related financing transactions’ Ashurst has a notable track record in Australian dollar unitranche, cov-lite and conventional leveraged loan financings and - more recently - recurring revenue financing solutions. Its sizeable team is also well reputed in leveraged, acquisition and property finance, covering a range of cross-border and domestic matters. Key figures include senior partners Shawn Wytenburg, Martin Coleman and Steve Smith, who are particularly noted for asset-backed lending and debt transactions. Kenneth Nguyen is a top property and acquisition finance specialist. Kenneth Tang has worked on the debt financings of many high-profile acquisitions in the Australian market and has expertise in the unitranche lending product.

Practice head(s):

Kenneth Nguyen

Other key lawyers:

Shawn Wytenburg; Martin Coleman; Steve Smith; Kenneth Tang


‘Ashurst’s banking and finance team’s depth of knowledge for real estate & corporate-related financing transactions is unparalleled. The team draws on this experience to ‘cut through’ to the key commercial considerations and consistently positions and leads negotiations to achieve market leading positions.’

‘Strong work ethic and clear understanding of their clients’ processes, drivers and timetables on transactions. Commercial in approach to negotiations, demonstrating not just strong legal skills, but also proactive with suggesting practical possible solutions’

Key clients



Bank of America

Bank of China

BNP Paribas

Société Générale

United Overseas Bank.

Affinity Equity Partners

Bain Capital

Quadrant PE

White Oak Merchant Partners, Wingate.

AGL Energy

Generation Healthcare



Work highlights

  • Acting for Gordon Brothers as arranger of a A$70m asset-based loan to Anchorage Capital investee company Scott’s Refrigerated Logistics.
  • Acted for the lenders and agent in connection with a A$290m syndicated borrowing base facility for Australian Grain Export (AGE).
  • Advising Barclays Bank under a Bridge Facility Agreement with a Brookfield related entity, where term debt was used to refinance existing financial indebtedness.

Gilbert + Tobin

Gilbert + Tobin‘s banking and finance team possesses strong expertise in cross-border deals, especially those involving US private equity entities, demonstrated through its work with KKR in relation to the financing of the proposed A$20bn take-private transaction of Ramsay Health Care. John Schembri and Simon Lynch are among Australia’s preeminent acquisition, corporate and project finance experts. For large corporate and acquisition financing, Gail Christopher, Robert Trowbridge and Stuart Cormack are noted. Spiro Papadolias is experienced in leveraged, property and REIT financing transactions.

Practice head(s):

John Schembri; Gail Christopher

Other key lawyers:

Simon Lynch; Robert Trowbridge; Stuart Cormack; Spiro Papadolias


‘Market leader. Deepest experience and relationships in Australia and the go to house for banking / finance and M&A. Deepest pool of senior talent.’

‘Gail Christopher is the market leader and a unicorn in the market – the best possible adviser to private equity and credit funds – she is the most sought after talent in APAC banking and Finance.’

‘G+T is known to have the smartest lawyers that are knowledgeable about law but are also able to break down legal complexities to a digestible format. They are a firm I trust on time-critical highly complex matters and have time and again delivered for me in clutch situations.’

Key clients

Aware Super


BGH Capital

Commonwealth Bank of Australia

Alinta Energy







Nine Entertainment Group


Pacific Equity Partners

Quadrant Private Equity

TPG Capital


Work highlights

  • Advised CDC Data Centres on the A$2.7bn refinancing and upsizing of its debt facilities and its A$308m US Private Placement issuance, the first capital markets issuance for the group.
  • Advised various lenders to Blackstone, including Morgan Stanley, and Citibank, on the acquisition facilities to finance the c. A$8.9bn acquisition of the shares in the Crown Group by way of scheme of arrangement.
  • Advised Westpac Banking Corporation and others on the financing of the $2.35bn acquisition by Aurizon of freight rail group One Rail Australia from MIRA and PGGM.

Herbert Smith Freehills

John Angus is one of Herbert Smith Freehills‘ leading experts in complex asset and structured finance and leasing transactions, as well as corporate and acquisition finance. The practice is also strengthened by Andrew Booth‘s expertise in corporate financing and Melita Cottrell‘s work in property finance and senior and mezzanine debt transactions. Rowen Cross and Martin MacDonald are also recommended for property financing. Hayley Neilson leads the national leveraged finance division, and senior associate Amy Repse advises borrowers and lenders on syndicated, bilateral and club facilities.

Practice head(s):

Andrew Booth

Other key lawyers:

John Angus; Melita Cottrell; Rowen Cross; Martin MacDonald; Hayley Neilson; Amy Repse

Key clients

Commonwealth Bank of Australia

Macquarie Group

National Australia Bank

Australia & New Zealand Banking Group

Westpac Banking Corporation

Credit Suisse Group

Deutsche Bank

Hong Kong and Shanghai Banking Corporation (HSBC)

Work highlights

  • Advised Sydney Aviation Alliance on its A$32bn (EV) acquisition of Sydney Airport.
  • Acted for QIC Private Capital as drafting counsel in respect of the negotiation of a new syndicated facility agreement which links into a common terms deed, with a syndicate of Australian and overseas lenders.
  • Advised Orica on its conversion of A$1.3bn of existing bank debt facilities to Sustainability-Linked Loans.

King & Wood Mallesons

In addition to its core corporate and acquisition finance department, King & Wood Mallesons continues to be engaged in emerging areas such as fintech and green, social and sustainable financing in Australia. Yuen-Yee Cho‘s clients range from leading Australian and offshore corporates to global private equity firms and commercial and investment banks. Ken Astridge leads on property finance, debt capital markets and corporate finance mandates. In Melbourne, Jonathan Oldham acts for sponsors and financiers, specialising in corporate finance, projects and workout matters. He is ably assisted by Marcus Wettenhall on property finance.

Practice head(s):

Jonathan Oldham; Yuen-Yee Cho

Other key lawyers:

Ken Astridge; Marcus Wettenhall


‘Passionate about the business and getting legal matters executed within our timeframes. ’

‘Yuen-Yee has consistently demonstrated that she is focused on providing the best outcomes for her clients. She is able to do this due to her breadth of coverage within corporate Australia, which in turn enables her to be confident in providing advice on what is commercially achievable. Yuen-Yee also likes a challenge and will strive to ensure the commercial outcomes are achieved and reflected in the documentation.’

‘Long-standing relationships, they know and understand our business very well. Timely attention to all legal matters and advice.’

Key clients

Reliance Rail Pty Limited

BGH Capital

Kinetic (a portfolio company of OPTrust and Foresight Group)

Kestrel Coal



Australian Unity Investment Real Estate Limited Group

Deutsche Bank

Super Retail Group

Work highlights

  • Advised on the successful refinancing of Reliance Rail’s $1.8bn bank debt.
  • Advised BGH Capital on the Holdco and A$ term loan B financing of the hotly contested takeover of international IVF business Virtus Health.
  • Advised on the restructuring and refinancing of Super Retail Group’s A$690m debt arrangements.

Clayton Utz

A favourite among borrowers and financiers on the financing of property acquisitions and developments with complex and cross-jurisdictional elements, Clayton Utz‘s Alexander Schlosser-led banking group also demonstrates strong capabilities in securitisation-backed acquisition finance and green finance. Schlosser is also experienced in restructurings and works alongside fellow partner Graeme Tucker on structured and asset finance. Kate O’Donovan has built up a solid reputation in leverage finance, and is supported by associate Jeremy Murnain.

Practice head(s):

Alexander Schlosser

Other key lawyers:

Graeme Tucker; Kate O’Donovan; Jeremy Murnain


‘Very strong understanding of the local Banking and Finance market. Their expertise is well acknowledged in the local market. ’

‘The in-depth knowledge of the team on financing matters for Real Estate deals and the ability to drive a better outcome for the client when negotiating with the lender are second to none.’

‘Very strong technical knowledge, and a pragmatic approach to problem solving. Our business believes we get to the right outcome in an efficient manner when using Clayton Utz. They are also highly responsive when minor issues come up outside of large transaction activity. ’

Key clients

Sun Silver Holdings Pte. Ltd.

Goldman Sachs Australia Pty Ltd

Macquarie Principal Finance Pty Ltd

Blackstone Inc

Deutshe Bank. GLAS and other lenders

Talison Lithium Pty Ltd

Clean Energy Finance Corporation

National Australia Bank Limited

Wyloo Metals Pty Ltd

Precision Aviation Group

Victorian Government (Department of Families, Fairness and Housing and Department of Treasury and Finance)

Allegro and other Lenders of the Camp Australia Group

Emigrant Bank

Gordon Brothers

Squadron Energy

Work highlights

  • Acted for Blackstone regarding its US$400m strategic investment into Xpansiv.
  • Advised,which gained 100% control over leading US digital marketplace business Trader Interactive and its subsidiaries by acquiring the remaining 51% shareholding in Trader Interactive.
  • Advised Squadron Energy on its financing in connection with the acquisition of CWP Renewables from global private markets firm Partners Group.

Clifford Chance

Clifford Chance is known in the market for its expertise in leveraged finance, acquisition and infrastructure finance and financial regulatory issues. ‘Technically strong lawyerElizabeth Hundt Russell is an expert in senior and mezzanine financings, unitranches, convertible notes, Holdco PIKs, vendor loans and TLBs. Managing partner Richard Gordon is highlighted for his work in corporate lending and restructurings. For project and energy finance, Chad Bochan and Philip Sealey are key figures.

Practice head(s):

Richard Gordon

Other key lawyers:

Elizabeth Hundt Russell; Chad Bochan


‘Liz Hundt Russell is a technically strong lawyer, able to get complex debt transactions done, and is a good advisor. ‘

‘Market leading practice with globally connected experience in managing large and complex financing structures.’

‘Richard Gordon – market leader and strong relationships with credit funds / institutional debt providers.’ 

Key clients

Asian Development Bank

Credit Suisse

Five V

Global Infrastructure Group


Partners Group

OCP Asia


Anchorage Capital


Work highlights

  • Advised Partners Group on its sale of CWP Renewables, a vertically integrated renewable energy platform in Australia, to Squadron Wind Energy Assets.
  • Advised on the financing for private equity firm Anchorage Capital Partners’ acquisition of Australian luxury retailer David Jones from South Africa’s Woolworths Holdings.
  • Advising the lenders on the financing made available to Global Infrastructure Partners to fund the acquisition of a 49% stake in Woodside’s $7.6bn JV for the Pluto Train 2 LNG train project.

Corrs Chambers Westgarth

Corrs Chambers Westgarth‘s client roster includes a balanced range of corporates, foreign banks and alternative credit providers. It is also often instructed as Australian counsel by leading UK and US law firms in cross-border financings. Adam Stapledon and senior partner John Mosley have significant expertise in acquisition, project and corporate financing transactions across the infrastructure, renewables, energy and resources sectors. Stewart Robertson leads on domestic term loan B, unitranche, first/second lien loans, and syndicated and bilateral finance. Megan Russell is recognised for her work in NDIS and social and affordable housing financing.

Practice head(s):

Adam Stapledon

Other key lawyers:

Stewart Robertson; John Mosley; Megan Russell


‘Their support and guidance throughout the process has been invaluable.’

‘Megan Russell has been our main contact with various support staff along the way. She is very approachable and always available and patient in explaining technical issues. Megan is great at following up and moving an issue along.’

‘Corrs Chambers Westgarth have been our banking and finance legal advisors for many years. Their commerciality, thoughtfulness and proactivity sets them apart. They are up-to-date on relevant topics and efficient in their delivery of advice.’

‘Everyone in the team is highly capable, personable and wonderful to work with. Communications are very clear and easy to understand for non-lawyers! The status of a transaction, and what is expected from the next steps, is articulated clearly. ‘

Key clients

Australia and New Zealand Banking Group

Real Asset Management Group


Commonwealth Bank of Australia

Goldman Sachs

Macquarie Bank

National Australia Bank


Tritium DCFC

Port of Newcastle

Work highlights

  • Advised the financiers to Stonepeak and Spirit Super for the acquisition financing of GeelongPort from SAS Trustee Corporation and Brookfield’s LINX Cargo Care Group.
  • Advised Port of Newcastle on the refinancing of its A$570m senior secured debt facilities.
  • Advised the lenders to UK private equity firm CapVest Partners to support its takeover bid for Virtus Health.


Minter Ellison has carved out a reputation for working with debt funds, non-bank lenders, sovereign wealth funds and real estate private equity houses in respect of their activities, including mezzanine debt, preferred equity and equity co-ventures. Tony Berriman has a keen focus on property finance. Also on the property side, Daniel Marks advises on infrastructure projects, wholesale fund and portfolio financing. Practice head James Mok specialises in asset-based lending and structured finance transactions, and corporate finance partners Matthew Cunningham and Geoff Earl are also of note.

Practice head(s):

James Mok

Other key lawyers:

Tony Berriman; Daniel Marks; Matthew Cunningham; Geoff Earl

Key clients

AMP Capital

Bolton Clarke

Cliffbrook Capital Partners

Commonwealth Bank

CSR Limited

Epsilon Direct Lending


National Australia Bank Limited


Qualitas Limited

Salter Brothers

Westpac Banking Corporation

Work highlights

  • Represented AMP Capital (as borrower under the various facilities) in the transition of the management of the AMP Capital Retail Trust from AMP Capital to GPT.
  • Continues to act for various lending syndicates to The Blackstone Group in a range of transactions including Project Flatpack.
  • Advised a syndicate of 12 banks on A$1,469,000,000 secured facilities to fund 27 student accommodation buildings across Australia.

A&O Shearman

A&O Shearman‘s strong fund financing practice is led by William Kim, specialising in NAV and hybrid financing transactions for private credit, private equity and mixed strategy funds. Bringing expertise in M&A, unitranche, mezzanine and TLB financings, Marnie Fels‘ arrival from Herbert Smith Freehills in April 2023 bolstered the practice’s leveraged finance capabilities. Peter Wilkes advises on debt finance transactions, particularly in the energy and natural resources sector.

Practice head(s):

Peter Wilkes

Other key lawyers:

William Kim; Marnie Fels


‘Marnie Fels is a stand out in the team.’

‘A unique understanding of my business and the strategy. People are highly responsive and understanding.’

Key clients




Credit Corp

Forum Partners



Pilbara Minerals

Fortescue Metals Group

Work highlights

  • Represented Starwood and BREDS on the financing of the acquisition by entities owned by funds managed or advised by Blackstone and its affiliates of Crown Resorts.
  • Advised Credit Corp, Australia’s largest debt collection agency, on its acquisition from Collection House Group of a book of New Zealand defaulted and charged-off receivables (PDLs).
  • Advised Pilbara Minerals on its AU$250m and US$113m financing to fund the expansion of its Pilgangoora Project, and refinancing its existing USD secured syndicated debt facility.

Arnold Bloch Leibler

Arnold Bloch Leibler has a particular focus on property and project finance. Its corporate finance team, which includes Genevieve Sexton, Paul Rubenstein, Nathan Briner and practice head Ben Mahoney, has extensive experience in acting for lenders, investors and borrowers in respect of acquisition facilities and structured financing arrangements. Damien Cuddihy‘s practice has a strong emphasis on property finance.

Practice head(s):

Ben Mahoney

Other key lawyers:

Genevieve Sexton; Paul Rubenstein; Nathan Briner; Damien Cuddihy


‘The team are knowledgeable on banking/financing matters and also have a deep understanding of our business, making their advice technical but also practical. They are highly responsive and are always willing to take the time to educate me on matters that we are working on together, not just providing a service but also sharing knowledge and transfer of skills.’

‘Gen Sexton: I do not hesitate to pick up the phone to ask her any question (no matter how insignificant) if I feel I need a second opinion, and she is always ready and willing to help. She also draws in other partners as required to ensure we get a holistic response and is invaluable in translating advice from other lawyers into practical workable solutions.’

Key clients

Hermsley Capital Pty Ltd Limited

Nufarm Limited

Caspian Capital LP

Corsair Capital Pty Ltd


MAKE Property Group Pty Ltd

Steadfast Capital Pty Ltd

Pure Asset Management

Gleneagle Parkview (NZ) Limited


Stamen Greenwich Property Pty Ltd

Metricon Homes Pty Ltd

Centennial Property Group Pty Ltd

Work highlights

  • Advised Hermsley Capital in relation to the proposed US$5,000,000,000 financing of Kumul Petroleum Holdings.
  • Advised in relation to its general financing matters, including in relation to the acquisition of US-based Trader Interactive.
  • Advised Nufarm in relation to its $950m global refinancing.

Baker McKenzie

At Baker McKenzie, practice head Duncan McGrath has over 25 years of experience acting for sponsors, borrowers and lenders in leveraged and cross-border acquisitions, handling a range of property and corporate financings. In the energy sector, Charlie Detmold is active in corporate and project finance. Since publication, Alastair Gourlay departed in April 2024.

Practice head(s):

Duncan McGrath

Other key lawyers:

Charlie Detmold


‘The partner and the team is high collaborative. Billing is reasonable.’

Key clients

SIG Development Point Cook Pty Ltd

Morgan Stanley


Australia & New Zealand Banking Group

Beulah International

Bright Food Group




DBS Bank Ltd


Goldman Sachs


Industrial and Commercial Bank of China Ltd




National Australia Bank


Regional Express Holdings

Rio Tinto

Société Générale

Telstra Corporation Ltd


Platinum Equity

Commonwealth Bank of Australia

Australia and New Zealand Banking Group

Westpac Banking Corporation

Work highlights

  • Advising Japan Bank for International Cooperation on the risk guarantee it proposes to provide in favour of Export Finance Australia in relation to EFA’s financing of Telstra’s acquisition of Digicel Pacific.
  • Advising entities connected with The Blackstone Group in respect of the joinder of the Vortex Leisure group to the US$217m credit agreement provided to Jacuzzi Brands.
  • Acting as Australian counsel to UBS, Australia Branch in relation to an AU$100m NAV facility in favour of MA Secured Loan Series Fund.


Dentons is recognised for its expertise in loans and its cross-border practice. Timothy Lipscombe is highlighted for his real estate, property and construction finance experience, while in the structured finance and securitisation space, Stanley Mok is the lead partner. Anthony Walsh chairs the practice.

Practice head(s):

Anthony Walsh

Other key lawyers:

Stanley Mok; Timothy Lipscombe


‘Strong investment and capability across practice groups and seniorities, delivering value on engagements which are staffed appropriately and on which risks are managed well.’

‘The team led by Tim Lipscombe is well experienced and can assist at a moment’s notice with a wide range of financing matters. I prefer using Dentons for financings in Papua New Guinea because they work collaboratively with the local team.’

‘Tim Lipscombe is a standout partner, he is very well known and respected for his thorough knowledge and understanding in financing and particularly in PNG. His attention to detail and acumen are second to none.’

Key clients


National Australia Bank

Commonwealth Bank of Australia


Westpac Banking Corporation

Bank of Queensland

Macquarie Group


Qudos Mutual Limited

Teachers Mutual Bank Limited

Credit Union Australia Limited

Greater Building Society

Flexigroup Limited

Societe Generale

Moneytech Finance Pty Ltd

Work highlights

  • Acting for Ardonagh in the negotiation of the syndicated acquisition and working capital facilities for its acquisition of the Envest group of companies.
  • Providing finance advice to Marquette Property in connection with its asset acquisition programme.
  • Advised on the restructure of a series of bilateral facilities provided by a bank.

Johnson Winter Slattery

Johnson Winter Slattery‘s team of ‘stand-out lawyers‘ are ‘very personable and commercial‘, and act for ASX-listed and private equity clients, as well as large private or unlisted companies and trusts. In Brisbane, David Beckett‘s practice focuses on supporting Australian and global private equity houses to structure and negotiate their leveraged finance transactions. Also recommended are Nicholas Grambas for project finance and counsel Man Loi for debt finance.

Practice head(s):

David Beckett

Other key lawyers:

Nicholas Grambas; Man Loi


‘Client focused and always responsive with innovative solutions.’

‘All are stand-out lawyers, very personable and commercial.’

Key clients

Eagers Automotive Limited (ASX: APE)

Archer Capital

Adbri Limited (ASX: ABC)

Potentia Capital

Acclivis Capital

Oak Tree Holdings

Bay Grove LLC

Silicon Valley Bank

Macquarie Principal Finance

Longreach Credit Investors

MH Premium Farms

Work highlights

  • Advised Panthera Finance on all aspects of the refinancing of its senior syndicated facilities and in respect of its senior and mezzanine facilities.
  • Advised Adbri on all aspects of its core senior debt facilities (including transactional banking facilities, ISDA swap facilities and equipment finance facilities).
  • Advised RC Holdings on its leveraged finance facilities from Tanarra and Regal credit funds supporting the merger of the Australian and NZ contingent collections businesses of illion and Transaction Capital.

K&L Gates

K&L Gates has traditionally held a strong focus on property financing matters, and is now increasingly leveraging its global expertise to advise on infrastructure and energy transactions in Australia and across Southeast Asia. Alan Maclean in Melbourne is the lead senior partner on property and asset finance, while in Sydney, Richard Gray is noted for project and infrastructure finance. In the same office, Richard Hayes departed in July 2023.

Practice head(s):

Jason Opperman; Alan Maclean

Other key lawyers:

Richard Gray


‘Knowledge, attentiveness and attention to detail.’

‘Engaging and no task is too big or small.’

Key clients

J.P. Morgan

Scentre Management Limited

Work highlights

  • Advising J.P. Morgan on the AU$735m financing for InfraBuild Australia comprising an AU$250m asset-based revolving facility and US$325m senior secured bond issuance.
  • Advised Scentre Management on a US$1.5bn 144A note issue; an update to €10bn programme and an issue of $HK notes; and a new A$ Medium Term Note Programme.

Norton Rose Fulbright

A specialist in cross-border deals, Norton Rose Fulbright leverages its global presence and international expertise to engage with international banks across China, Japan, the US and Europe. It is particularly known for its ESG and sustainable finance experience. The Sydney group includes practice head Tim Mornane as well as Nuncio D’Angelo, Hamish Dixon and Lisa Koch, all specialising in cross-border corporate and property financings.

Practice head(s):

Tim Mornane

Other key lawyers:

Nuncio D’Angelo; Hamish Dixon; Lisa Koch


‘Industry knowledge and experience. Commercial approach and solution orientated. Availability and response time. Easy to work with. Drives outcomes and execution.’

Key clients

Bank of America

North Queensland Airport

ESR Australia


FMO and BIX Capital

The Blackstone Group

Amber Australia Pty Limited

DIF Capital Partners

Commonwealth Bank of Australia



The GPT Group

Work highlights

  • Acted for Bank of America as lender, lead arranger, administrative agent and security trustee together with a consortium of financial institutions on an A$800m asset-based syndicated credit facility with Nufarm.
  • Advised North Queensland Airports on the successful refinancing of its senior bilateral and syndicated secured loan facilities.
  • Advised Airtrunk on multiple data centre expansions, new market entries and associated corporate and project financings.

DLA Piper

DLA Piper is noted for its capabilities in general banking and syndicated lending, as well as trade and asset finance. The Onno Bakker-led team also routinely assists financial services clients in relation to the sale and acquisition of loan portfolios. Hugo Thistlewood is another key figure in the Sydney office.

Practice head(s):

Onno Bakker

Other key lawyers:

Hugo Thistlewood

Key clients

HSBC Bank Australia

Australia and New Zealand Banking Group Limited


Hickory Data Centres Pty Ltd

Dominos Pizza Enterprises Limited

St George Bank

Kleos Space S.A

Hotel Property Investments


Australia Fresh Milk Holdings

Work highlights

  • Acting for HSBC Bank Australia as senior secured lender on the bilateral financing for the acquisition by Austin Engineering Limited of Mainetec.
  • Advised Hickory on the bridge financing provided by a third-party equity investor pending completion of the sale of a controlling share of Hickory’s data centre business to STACK Infrastructure.
  • Advised Australia and New Zealand Banking Group (as lender) on the purchase of the remaining 51% interest in the assets of the unincorporated joint venture partner of the Cubbie Station Farming Business.

Gadens Lawyers

Melbourne-based corporate finance partner Doug Scobie leads the finance practice at Gadens Lawyers, which is praised for its ‘exceptional communication‘. Scobie also specialises in property and construction finance and works alongside Elliot Raleigh.

Practice head(s):

Doug Scobie

Other key lawyers:

Elliot Raleigh


‘The team’s practice distinguishes itself through exceptional communication and cost-effective billing methods. Potential clients will appreciate their accessibility and transparency, making collaboration smooth and efficient. In comparison to other firms, their emphasis on client communication and fair billing sets them apart, ensuring a positive and satisfying experience for those they serve.’

‘The partner’s knowledge is impressive, and they are always easily reachable, which made the entire process smooth. I genuinely believe they prioritise our best interests, and their advice is concise, practical, and commercially focused. Working with them has been a pleasure, and I highly recommend their services.’

‘They work closely with us to meet timelines and find timely resolutions to issues that arise. Elliot Raleigh and his team are responsive to our needs and requirements.’

Key clients

Arrowpoint Capital

Australia and New Zealand Banking Group Limited

Bank of New Zealand

CBR Development Group

Cbus Property

Centuria Bass

Commonwealth Bank of Australia (including Bankwest)

IDA Property Finance

ING Bank (Australia) Limited

Judo Bank

Macquarie Group

National Australia Bank

PDG Corporation

Westpac Banking Corporation

Work highlights

  • Advised ING Bank (Australia) on a $100m bilateral secured revolving corporate facility to JBS Australia and Rivalea (Australia).
  • Acted for the Commonwealth Bank of Australia (CBA) on the debt facilities to Sentinel Property Group for the acquisition of Casuarina Square and other shopping centres.
  • Acted for Arrowpoint Capital in the acquisition financing by ASX-listed Halo Food of The Healthy Mummy.

Hamilton Locke

Specialising in the structuring and negotiation of bespoke financing arrangements, hybrid structures and cross-border transactions for borrowers, sponsors and financiers, Hamilton Locke ‘works cohesively and closely with clients to deliver efficient and effective results.’ Practice head Zina Edwards ‘knowledge of complex structures and Australian legal principles is invaluable for foreign investors’. She is noted for advising onshore and offshore credit fund clients across venture debt, growth financing, real estate and structured finance transactions.

Practice head(s):

Zina Edwards


‘Very responsive and bring a familiarity with restructuring into their banking and finance practice.’

‘I think Zina Edwards is the best Australian law firm partner. She brings her “A” game to every transaction with a strong focus on the commercial outcomes and tight transaction deadlines. Zina’s knowledge of complex structures and Australian legal principles is invaluable for foreign investors. She has developed a strong bench of capable associates who have delegated authority to act as a team helping manage the transaction.’

‘The team possess a level of knowledge and skill regarding structuring and documenting loan facilities. What is unique is their ability to distil complex concepts into easy to understand communication and pragmatic solutions to address points of friction. The service is very personal and the team are extremely responsive.’

Key clients

Partners For Growth

iPartners Pty Ltd

Global Credit Investments Pty Ltd

MA Asset Management Ltd

Epsilon Direct Lending Fund

Longreach Credit Investors Pty Ltd

Arrowpoint Capital

AWN Holdings Limited / Edventure Co

Pemba Capital Partners

AgriCap Operations Pty Ltd (AgriCap)|trading as Legacy Livestock and Capacity Capital

Work highlights

  • Advised the MA Sustainable Future Fund on its mezzanine financing of Splend.
  • Advised AWM Holdings and EdventureCo in relation to several financing transactions from Epsilon, HSBC and then an innovative holdco transaction also funded by Epsilon.
  • Advised Longreach Credit Investors in relation to an innovative borrowing base facility provided to fast-growing payments processing fintech Till Payments.

Hogan Lovells

With a global presence, Hogan Lovells is instructed by blue-chip multinational corporates, leading banks and credit funds on cross-border acquisition and leveraged finance deals. With over 25 years’ experience, Bryan Paisley is the lead specialist in real estate and fund finance. He also routinely advises on secondary debt transactions and distressed refinancing.

Practice head(s):

Bryan Paisley

Key clients

Muzinich & Co

HMC Capital Limited

Emeco Holdings Limited

HMC Funds Management Limited as responsible entity of the HomeCo Daily Needs REIT

HCW Funds Management Limited as responsible entity for the HealthCo Healthcare and Wellness REIT

Work highlights

  • Acted for global corporate credit manager Muzinich & Co on an AU$26.5m secured loan note package supporting IT systems integrator Insitec on its acquisition of tech recruiter The Network.
  • Advised mining rental fleet operator Emeco Holdings on the successful refinancing of its AU$100m revolving credit facility.
  • Advising HMC Capital on the establishment of an AU$100m senior syndicated debt financing facility.

McCullough Robertson

McCullough Robertson‘s team of ‘very sensible, technically able, commercial and flexible‘ lawyers has carved out a good reputation in the property finance space. The firm has a strong following among non-bank lenders and government lending bodies. Wei Lim is an ‘exceptional technician‘ in relation to corporate lending and project finance. David Gilham is a go-to for syndicated and bilateral finance transactions.

Practice head(s):

Wei Lim; David Gilham


‘The lawyers are all extremely competent in their area of law. They always make themselves available to answer queries or join calls. Fees are very reasonable in comparison to their peers. Work is always conducted to a very high standard and is always produced within a very short time frame.’

‘Very sensible, technically able, commercial, great with time pressures, flexible, pleasant to deal with.’

‘MCR have a large team and seem to be able to bring people in whenever required. They deliver good results for us, and we keep going back.’

Key clients

Sentinel Property Group

Northern Australia Infrastructure Facility

Australia and New Zealand Banking Group Limited

National Australia Bank Limited

MaxCap Group Pty Limited

Bank of Queensland

ICICI Bank Limited

Work highlights

  • Assisted Sentinel Property Group to close funding provided by the Commonwealth Bank to acquire the Casuarina Square Shopping Centre in Darwin, Northern Territory.
  • Advised Northern Australia Infrastructure Facility on an AU$32m facility to construct a cotton gin facility in Kununurra, within the east Kimberley region of Western Australia.
  • Assisted Road Tech, a member of the Jaycar Electronics Group, as borrower counsel in relation to funding from ANZ.

Mills Oakley

Mills Oakley strengthened its corporate finance practice with the recruitment of special counsel Robert Murphy from Norton Rose Fulbright. Murphy’s experience in construction finance and asset-backed lending complements lead partner Graeme Gurney’s specialism in real estate, asset and structured finance. Peter Kennedy is the practitioner to note in Brisbane, while in Melbourne, trade finance specialist Monique Stella is recommended.

Practice head(s):

Graeme Gurney

Other key lawyers:

Robert Murphy; Peter Kennedy; Monique Stella


‘Good knowledge of trade-related legal matters which helps with appropriate advice. Flexibility in terms of discussions even with our clients where required to iron out contentious legal matters. Good response times.’

‘Peter Kennedy has shown attentive due diligence throughout the entire process, his work was meticulous, meeting the deadlines in a timely manner and with utmost care.’

‘Working with Peter Kennedy was a real pleasure. I did appreciate his prompt response to any concern I had, his due diligence and professionalism. Most lawyers do have these characteristics indeed, but Peter Kennedy was exceptional.’

Key clients

AEP Developments

Austar Group

AusFinance Group (Tier One Capital)

Australian Mortgage Marketplace Limited

Australian Natural Therapies Group

Bank of Queensland Limited / BOQ Equipment Finance Limited

Capital Bureau AG

Capstone Holdings Inc.

China Everbright Bank Co. Ltd

CIP Pte Ltd

Crown Resorts Limited


DNB Bank



GPS Development Finance

JY Mulpha BB Level 2 Pty Ltd being a consortium of Australian and foreign entities.

Lincon Group

Macquarie Bank

Mulpha Australia Limited

Multipart Property Group

Perfection Fresh Australia Pty Ltd

Nissan Financial Services Australia Pty Ltd

Regatta Capital Funding Pty Ltd

Rich Data Corporation

RSL Lifecare

Scottish Pacific Business Finance

UIL Commodities DMCC/ UD Holdings

Hyecorp Group

Bank of Communications

Gulf Craft Yachts

Work highlights

  • Acted for Crown Resorts on the finance aspects of the acquisition by funds managed and advised by Blackstone of the shares in Crown Resorts by way of a scheme of arrangement.
  • Acted for borrower Dangar St Wickham with respect to a mezzanine facility agreement being provided by the Dorado finance group to fund a property development in Newcastle.
  • Advised Macquarie Bank on a Residual Stock Loan for an SPV of Aoyuan International for a mixed-use development at Parramatta NSW.

Pinsent Masons LLP

Pinsent Masons LLP has recently seen an increase in instructions in corporate finance and debt capital markets transactions. Led by ‘outstanding practitionerJim Hunwick, the practice assists market-leading borrowers and sponsors with their debt portfolios and major transactions and also acts for non-bank and bank lenders. The practice is also well equipped to handle cross-border property, acquisition and asset finance. Jeremy King is highlighted for project financing.

Practice head(s):

Jim Hunwick

Other key lawyers:

Jeremy King


‘Strong borrower focus so not inhibited by conflicts. Incredible depth of knowledge. Amazing service delivery.’

‘Jim Hunwick – International experience. Outstanding practitioner. Small effective teams and value for money billing.’

Key clients

Australian Gas Infrastructure Group

GFG Alliance

Abacus Property Group

Oversea-Chinese Banking Corporation, Limited

Centennial Property Group

Turner and Townsend

International Finance Corporation (IFC)

Asian Development Bank (ADB)

Australia and New Zealand Banking Group Limited

HSBC Bank Australia Limited

HSBC Bank plc, Barclays Bank plc and BBVA

Work highlights

  • Advising Australian Gas Infrastructure Group (AGIG) on its two ring-fenced secured debt platforms, which together comprise around AU$6bn in bank and capital markets debt and swaps.
  • Advising GFG Alliance on its secured financing arrangements including for the $2bn magnetite expansion and greensteel transformation project at Whyalla.
  • Advising Abacus Group on all aspects of its multibillion secured portfolio debt programme.

White & Case

Acquisition and leveraged finance lies at the heart of White & Case‘s finance practice, alongside a growing portfolio of real estate and asset-based financing transactions. Mark Wesseldine has a good reputation for representing international credit funds, financial institutions and specialist senior loan investors in multi-tranche and unitranche capital investments. Cross-border leveraged buyout financing is another area of focus.

Practice head(s):

Mark Wesseldine

Key clients


MidOcean Energy Holdings Pty Ltd

ING Bank (Australia) Limited

Norddeutsche Landesbank Girozentrale, Singapore Branch

Siemens Bank GmbH, Singapore Branch

Work highlights

  • Advised MidOcean (an EIG portfolio company) in relation to its proposed acquisition of Origin Energy as part of a consortium with Brookfield.
  • Advised the mandated lead arrangers, underwriters and bookrunners in relation to the senior syndicated debt facilities provided to a consortium comprising Amber Infrastructure Group and DIF Capital Partners (sponsors) for the acquisition of Rail First Asset Management.

Colin Biggers & Paisley

Working predominantly in the property and construction finance arena, Colin Biggers & Paisley and, in particular, its lead finance partner Kate Craig act for international and Australian corporate borrowers.

Practice head(s):

Kate Craig

Key clients

Alceon Group Pty Ltd

Argyle Community Housing Ltd

Arncliffe Investments No. 1 Pty Ltd

Avari Capital Partners Pty Ltd

Capstone Partners Pty Ltd

Illawarra Community Housing Trust

Mosman Capital Pty Ltd

Oversea-Chinese Banking Corporation Ltd

Salta Properties

Sekisui House

Work highlights

  • Acting for Oversea-Chinese Banking Corporation regarding the preparation and negotiation of the novation and variation of facilities for the Hyatt Hotel Sydney and Swissotel Sydney owned by M&L Offshore.
  • Advising Arncliffe Investments, the note subscriber, regarding the loan note subscription with Pacific Alliance Group.
  • Advising the Illawarra Community Housing Trust in regards to NSW government funding, and negotiating the terms of the funding for the purposes of community projects.

Hall & Wilcox

Hall & Wilcox has a well-developed real estate finance practice and a reputation for acting for senior and mezzanine lenders (bank and non-bank) as well as borrowers, including property funds and developers. In Melbourne, Mark Inston has over 25 years’ experience working across all forms of corporate finance.

Practice head(s):

Mark Inston


‘The team I have been working with are technically sound. They know the business of their client well and are able to add value. Prompt response and diversified service team makes the team unique to be able to service the client from different industries or with different cultures.’

‘Mark Inston is a top legal partner, client focused and very technically sound. He is able to lead a team to meet client deadlines without compromising the quality of work. He is able to address the risks for clients in a commercial manner. ’

Key clients

Aqualand Group

Intesa Sanpaolo SpA

Community Housing Provider

Hope Housing Fund Management

JY Holdings

Newmark Capital


Work highlights

  • Advised Aqualand Group on a $600m funding package, which in 2022 was the largest property development project finance arrangements ever provided by a non-bank financier in Australia.
  • Advised a community housing provider in relation to the refinancing by National Housing Finance and Investment Corporation of its existing loan facility.
  • Acting for Trafigura in relation to a significant financing transaction involving Aurelia Metals.


Maddocks‘ practice is geared towards advising Australian lenders and borrowers on property acquisition deals, and development and construction financing for residential, commercial and industrial assets. It also advises on corporate financing mandates.  Arlene Colquhoun in Sydney and Melbourne’s Ilan Kraus jointly lead the practice.

Practice head(s):

Arlene Colquhoun; Ilan Kraus


‘Maddocks listens and understands the commercial outcome the business is striving for, and delivers legal outcomes with this focus in mind, as well as providing solutions to foster the outcome. Maddocks have implemented a brilliant billing practice through one person, despite using multiple areas of the firm – this has saved our internal team a lot of time.’

‘Arlene Colquhoun has great technical skills. She is pragmatic and commercial in her approach to assist the client in achieving their commercial objectives while advising on legal risks.’

Key clients

Macquarie Bank

Commonwealth Bank of Australia (CBA)

Bendigo & Adelaide Bank

IAG Finance

Madigan Capital Pty Ltd

Greenland Group

JDH Capital

Qualitas Real Estate Finance

Bass Capital Partners

ID_Land Group of Companies

Lechte Corporation

Occasio Projects Pty Ltd


Work highlights

  • Advised Qualitas on a senior syndicated construction debt facility advanced under its AU$600m funding package for the new Aura Aqualand luxury development.
  • Advised Commonwealth Bank of Australia on the AU$180m financing facilities provided to the Watermark Chatswood Partnership.
  • Advised Sirius Developments on the AU$400m funding for the acquisition of landmark Sirius Building on Sydney Harbour.

Sparke Helmore Lawyers

Sparke Helmore Lawyers is recommended for real estate, construction, project and infrastructure finance, and is particularly well regarded in the bilateral mid-market space. Andrew Johnston leads the group and is sought after for advice on security and restructuring issues, including intercreditor and subordination arrangements, and related hedging arrangements. Leveraged and acquisition finance are growing areas of focus.

Practice head(s):

Andrew Johnston


‘Andrew Johnstone is always available to discuss/address questions and issues, he understands our requirements and provides commercial advice and direction in complex loan documents structuring.’

‘The Sparkes team is always proactive, partner is always accessible, they provide commercial advice and quick responses, fees are reasonable.’

‘The Banking and Finance team have a broad experience to cover legal matters from mid-market to Corporate and Institutional Borrowers. They provide expertise around legal issues and exemplary service.’

Key clients

Westpac Banking Corporation

St.George Bank

Bank of Melbourne

Industrial and Commercial Bank of China Limited

Comerica Bank

Princeton Securities Australia

Aion Pacific Funds Management Pty Ltd

Dorado Property

Formosa Steel

New Emerald Energy

National Westminster Bank Plc

McNab Developments

Central Real Capital

Oaknorth Bank Plc

Macquarie Bank

MaxCap Group

Envest Group

PlayUp Limited

Work highlights

  • Advised Westpac Banking Corporation on the corporate financing of a large ASX-listed telecoms corporate group, including various acquisition facilities.
  • Advised Westpac Banking Corporation on its $351.5m financing of an ASX-listed REIT.
  • Advised Westpac Banking Corporation on the financing of the AU$300m shopping centre acquisition by a managed fund group.