Freehills, Clayton Utz and Maddocks are acting for scandal-plagued Australian shopping mall developer and operator Centro Properties Group on a $7 billion restructuring.
A reorganization plan for Centro was passed by the Supreme Court of New South Wales Thursday. The deal, which eliminates $3 billion worth of debt, comes amid extensive litigation by Centro creditors and shareholders after Centro’s share price tumbled following property investments in the U.S.
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