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Stephen Hume

Partner
+61.3.9640.4225
Fax +61.3.9205.2055

Mr. Hume is recognised as a leading insolvency and reconstruction lawyer and has 17 years' experience acting for Australia's largest banks and financial institutions.

He advises on all aspects of insolvency (reconstructions, work-outs and formal appointments), securities enforcement, risk management and banking and finance litigation. He has extensive experience leading teams in delivering high quality services to and developing strategic partnerships with institutional clients.

Mr. Hume also acts for listed and unlisted companies, accounting firms and other clients in commercial disputes across the manufacturing, distribution, retail, property, pharmaceutical and transport sectors.

Achievements

  • Listed in Best Lawyers (2015 & 2018) for Litigation.
  • Recognised Victoria Insolvency & Reconstruction Lawyer, Doyles Guide (2016).

Professional/Civic Activities

  • Insolvency Practitioners Association of Australia member
  • Acting for major financial institutions in negotiating, documenting and implementing workout strategies to deleverage lending exposure through managed asset sale programs, equity injection and refinancing and securitisation programs.
  • Acting for a major bank in loan recovery and receivership matter involving the operator of three aged care facilities in Melbourne and regional Victoria, including providing advice in connection with enforcement of the bank's securities and in various pre and post appointment restructuring proposals. He acted for the receivers and managers in dealing with the myriad of issues that arose during the receivership, in the sale of aged care businesses and property assets and in recovery proceedings against facility guarantors.
  • Acting for receivers and managers of a large technology company in Supreme Court proceedings involving a challenge by the Australian Taxation Office to the validity of the charge/security interest under which the receivers were appointed and against other shareholders in litigation relating to the enforceability of a shareholders agreement.
  • Acting for a global financial institution and the Receivers and Managers of a publicly listed company involved in the manufacture and distribution of parts and components for the motor vehicle industry. This included providing advice to the Receivers on all legal issues arising out of the Receivership including contractual issues, retention of title claims, an application to the Federal Court on behalf of the Receivers for directions about matters concerning the receivership, employee entitlement issues, insurance run-off matters and representing them in public examinations.
  • Acting for a global financial institution and the Receivers and Managers of a manufacturing company in all legal issues concerning the receivership including the sale of land and plant and equipment, Supreme Court proceedings against the first mortgagee of land owned by the borrower, employee entitlement claims, retention of title claims and various other commercial disputes.
  • Acting for a financier in negotiating and documenting complex funding arrangements for a borrower in the manufacturing industry that had gone into voluntary administration including the restructuring of the bank's facilities and securities.
  • Acting for a bank and its receivers appointed by it to a retirement village development company, including running Supreme Court proceedings against facility guarantors in which the administration by the bank of the construction loan facility was challenged.
  • Acting for a major Australian retailer in Supreme Court litigation with its landlord over the entitlement and quantum of outgoings and other charges levied to the retailer under its lease.
  • Acting for a significant paper manufacturer and merchant in recovery proceedings against a debtor and guarantors involving complex contractual, debt assignment and insurance issues.