Glen Cussen

Glen Cussen

Partner

Glen practices extensively in all aspects of insolvency and commercial law, regularly advising and acting for liquidators, administrators, receivers, financiers and corporate clients on various aspects of insolvency recoveries and administrations. 

He has been involved in many of the largest and well known administrations, in varying capacities, from the Duke Group and One.Tel to Henry Walker Eltin, and REDgroup/Borders.

He has extensive Court expertise in corporate insolvency matters and, as required, may conduct his own advocacy.

Examples of Glen's work include:

  • Acting for the voluntary administrators of a listed group with 25 subsidiaries all placed into administration, including advising on insolvency and commercial issues and making requisite Court applications, and advising on and drafting complicated interlocking pooling deeds of company arrangement. Creditors have now been paid in full.
  • Acting for the administrators of an insolvent Australian motor vehicle distributor, following the liquidation of Rover in the United Kingdom, including consideration of cross border issues and the crafting of a deed of company arrangement that dealt with the potential rights of motor vehicle warranty holders.
  • Acting for the administrators and subsequent liquidators in all matters pertaining to a listed manufacturer with over 700 employees and four subsidiaries. This included creating a litigation platform whereby multiple preference recovery proceedings against over 70 defendants, by four insolvent companies, were brought in the one proceeding. This was a novel application, and is now a standard industry practice particularly for multiple preference claims.
  • Acting for holders of convertible notes in the enforcement of sale agreements for those notes for full value, in circumstances of a Chinese holding company, falling global market and US$4 million exposure.

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