DLA Piper has unveiled its plans to build a dedicated global restructuring practice with the hiring of Norton Rose Australia distressed investment specialist Troy Doyle to helm the project in the Asia Pacific.
While at Norton Rose, Doyle spearheaded and led the distressed debt and investments team globally for the Norton Rose Group. Norton Rose partner David Goldman replaced Doyle to head the Norton Rose team.
Prior to his role at Norton Rose, Doyle was restructuring practice leader at Clifford Chance for Southeast Asia, located in Singapore. He specialises in financial and corporate restructuring and insolvency advice, distressed M&As, distressed debt trading amongst other special opportunity transactions.
According to Doyle, DLA Piper is beefing up its distressed and restructuring capabilities in anticipation of higher work volumes in the next six to 12 months. “It’s our view that (deal flow) in the region will pick up for volatility reasons. Activity in Thailand, India and Indonesia and Australia are projected to grow,” Doyle said.
Doyle has attributed this anticipated rise to the cross-border nature of company subsidiaries. “I do believe that there has to be some fallout as the market turns and become more volatile. That is why it is important for us to have a seamless global group to service that market.”
The group headed by Doyle will see a greater focus on the Indonesian and Thai market.
In addition, the group will be keeping an eye on high-portfolio deal activities taking place in Korea.
Doyle has spent 13 years in the Asia Pacific region, advising investment banks, private equity firms, hedge funds, insolvency practitioners and corporations on distressed situations throughout Australia, Singapore, Thailand, India, Indonesia, the Philippines and China.
As the lead partner for Asia, Doyle will be working closely with his counterparts in the United States, UK, Europe and Australia.ALB
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