Allen & Overy has hired a partner from Baker McKenzie to join its Asia Pacific restructuring and recovery group. 

David Walter joins the firm as a Sydney-based partner as firms in the region witness an increase in insolvency and restructuring work. 

Walter advises on informal restructures and formal insolvencies, including public companies and their boards, private equity and portfolio companies, special-situations investors, bank lenders, trustees and insolvency practitioners, Allen & Overy said in a statement.