Stephen Lloyd

Stephen Lloyd

BA, LLB (Hons 1) (Syd), BCL (Oxon)

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About Stephen

Stephen Lloyd is a partner in the firm’s dispute resolution & litigation practice with a particular focus on contentious insolvency matters. He also has significant experience in general commercial disputes, regulatory investigations and white collar defence work.

Stephen is recognised for his expertise in dispute resolution and restructuring & insolvency by independent legal guides Legal 500 Asia Pacific, Doyle's Guide and Best Lawyers. He is also a member of the ABL team that won 'Insolvency & Restructuring Deal of the Year' and 'Australian Deal of the Year' for its work on the Arrium administration at the 2018 Australasian Law Awards.

Prior to joining the firm in 2014, Stephen was a litigator at one of Australia’s leading firms before serving as an Associate to Justice Bell in the High Court of Australia. Stephen joined the firm after returning to Australia following a year at Oxford obtaining his master’s degree and was appointed as a partner in July 2019.

Recognised for Dispute Resolution and Restructuring and Insolvency in Australia

Legal 500 Asia Pacific

Practice focus

Stephen’s practice focuses on the following areas:

insolvency and restructuring advice and litigation
commercial litigation and dispute resolution, and
regulatory investigations and white collar defence work.

Experience

Stephen has acted on a range of matters, including on behalf of:

Restructuring & insolvency

acting for the secured lender group in the Genesis Care restructuring
the administrators of NetComm Wireless, including an urgent sale involving overlap with US Chapter 11 proceedings
the administrators of the Deeds Brewing Group
a shareholder of a large lithium mining company seeking the termination of a deed of company arrangement
various schemes of arrangement including Elmo Software, Spicers, ALE Property Group
in the voluntary administration of Probuild, on behalf of the owner of Probuild’s largest project
the administrators of the PAS Group, owner of fashion brands including Black Pepper, Rivers, JETS Swimwear and Yara Trail
a hedge fund: in relation to the insolvency of Trigon Trading, seeking recovery of more than US$25 million
the Administrators of Arrium Limited, including:
- in a seminal Personal Property Securities Act case regarding the validity of a creditor’s security interest in a $23 million piece of mining equipment leased to an Arrium company
- in an application seeking orders limiting the Administrators’ personal liability for hundreds of millions of dollars of debts incurred during the Arrium administration, and
- as a general adviser to the Administrators on matters concerning the complex administration, including issues relating to the sale of the Arrium steelmaking and steel distribution business.
the Commonwealth of Australia seeking to recover amounts from insolvency practitioners under the FEG scheme, and
financial guarantors: in a refinance and restructuring of Reliance Rail’s debt portfolio.

Dispute resolution & litigation

an aged care provider in relation to a class action brought by residents and their family members alleging a failure to adequately care for its residents and protect them from COVID-19
Australian credit card payments technology entrepreneurs: in a claim against a major credit card network operator regarding anti-competitive conduct
various shareholder oppression matters involving closely-held family businesses
a major international bank: in relation to defending a claim by senior executives for severance pay and bonuses
a leading coal producer: in various disputes involving complex logistics and supply agreements
an investment fund: in disputes regarding the control of its Australian assets
the former directors of Babcock & Brown companies: in litigation relating to complex financial transactions
an advisor to the former MFS Group: in litigation brought by the MFS liquidator, and
a leading coal producer: in disputes relating to access pricing.

Regulatory investigations & white collar defence

non-executive directors of The Star Entertainment Group: in relation to civil penalty proceedings commenced by ASIC alleging contraventions of statutory duties and care and diligence by members of the board
an aged care provider: in relation to criminal proceedings brought by WorkSafe in relation to alleged training failures in relation to the use of personal protective equipment in a COVID-19 outbreak
the board of Star Entertainment Group Limited: in connection with the inquiry into The Star’s suitability to hold a NSW casino licence
executives: in regulatory and criminal investigations, including foreign bribery investigations
a company investigating and freezing the assets of a fraudulent employee
a company unwinding a massive international fraud, and
various companies in relation to ASIC compulsory document production and examination notices.