Jessica Arscott is a senior lawyer in Gilbert + Tobin’s restructuring and insolvency group. She specialises in non-contentious restructuring and insolvency work for banks, insolvency practitioners, distressed debt funds, debtors and company directors. Her experience includes advising directors on their duties in distressed scenarios, advising on debt and security restructuring and enforcement, Personal Property Securities Act 2009 (Cth), the sale and purchase of distressed assets and debts, negotiating forbearance and other restructuring documentation, advising on finance and intercreditor issues and advising on all aspects of receivership, administration and liquidation. She also has considerable front-end finance experience negotiating term sheets, facility agreements, guarantees, securities, whitewash documents, intercreditor agreements, side deeds, releases and variations.

Recent matters include advising administrators appointed to Arrium; advising administrators appointed to Triton Minerals Limited; advising receivers appointed to the Parklea Markets and related assets; advising a consortium in connection with the Brisconnections receivership and sale of Airport LinkM7; advising a fund in connection with its bid to purchase GE’s leveraged finance book; advising voluntary administrators and deed administrators appointed to Eastmark Holdings and 1 Denison Street Holdings; advising Atlantic Limited in connection with the restructuring of its bank debt, recapitalisation and associated standstill arrangements; advising Westpac on its $1.45 billion acquisition of Lloyds Banking Australia business; advising funds in relation to the bid to purchase JP Morgan’s Global Special Opportunities Group’s book; advising Westpac/St.George in connection with all workout arrangements in respect of its exposure to Western Australian property developer, Luke Saraceni, and his related entities; and advising secured lenders and receivers appointed to two power plants located in NSW held by the Sunshine Electricity Joint Venture, an unincorporated joint venture.

Ms Arscott is a member of the Australian Restructuring Insolvency and Turnaround Association and the Turnaround Management Association.