Glenn Caligaris

Chairman of Principals  |  Disputes and Insolvency

Brisbane

(07) 3231 0601

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Glenn is a practical and commercial lawyer who continuously succeeds in work with his solutions-focused approach.

Glenn has been a Principal of the firm's Disputes and Insolvency team since 2006. He specialises in insolvency, taxation and commercial litigation, and advises distressed businesses regarding restructuring, turnaround, and insolvency strategies. He is recognised for his practical and commercial approach to resolving disputes that are both complex and sensitive.

Glenn advises governments and taxpayers regarding taxation disputes by working closely with accountants, financial advisors and insolvency practitioners. Glenn works with many clients from SME business owners to top tier lenders and large Commonwealth Government Departments.

Glenn has built a strong reputation in his industry with his 'no-nonsense' approach, endearing him to numerous clients.

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CAREER highlights

Qualifications

  • Bachelor Of Business (Accountancy), Queensland University Of Technology
  • Bachelor Of Laws (Honours), Queensland University Of Technology

Awards and recognition

  • Best Lawyers 2021 | Insolvency and Reorganisation Law
  • Doyles Guide 2021 | Recommended Queensland Insolvency and Restructuring Lawyers
  • Best Lawyers 2020 | Insolvency and Reorganisation Law
  • Best Lawyers 2019 | Insolvency and Reorganisation Law

community involvement

  • Biz Rebuild Team, Business Council Of Australia
  • Committee Member, Turnaround Management Association Committee (QLD)

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Client Solutions

ASX Listed - National Transport Operation
restructuring
Client problem

Glenn's client, a national transport operation, faced financial difficulties caused by adverse trading conditions including because of Covid-19.

outcome achieved

Glenn was able to successfully restructure the business so that performing business units within the group were able to continue to operate as per usual.  This involved developing a turnaround strategy for the listed group, advising in respect of "Safe Harbour" opportunities, negotiating the re-financing of secured and unsecured debt, the sell down of non-performing assets and re-orientation of the business operations.

Large Trading Business
Fraud and restructuring
Client problem

Glenn's client, a large trading business, experienced financial hardship after a senior member of its management team committed a fraud exceeding $10 million.

outcome achieved

Glenn managed the exit and seizure of assets of the fraudster.


This ultimately resulted in those assets being sold and the net sale proceeds remitted to the client. He introduced consultants to reconstruct the group's financial records and implement a better system of checks and balances to mitigate the risk of future fraud. He assisted the business to refinance its facilities, advised in respect of the voluntary administration of non-performing entities within the group and negotiated the compromise in part of taxation liabilities allowing the performing entities within the group to continue trading.

Managed Investment Scheme
regulatory compliance and insolvency
Client problem

The responsible entity of the managed investment scheme with funds under management exceeding $200 million was experiencing regulatory pressure from the ASIC, threatening to suspend its licence and potentially applying for receivers to be appointed to the scheme.   The fund was experiencing strong headwinds as a consequence of the GFC and its impact on the value of properties in which the fund had invested.

outcome achieved

Glenn successfully opposed the ASIC's pressure and ultimately applied to the Court for orders allowing the responsible entity to wind down the fund itself under supervision at a fraction of the cost of receivers attending to the same. He then assisted the responsible entity to wind down the fund and manage creditor claims, including professional negligence claims, ASIC inquiries and investigations and disputes with borrowers resulting in an average return to investors of greater than 85 cents in the dollar.

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Glenn CaligarisINSIGHTS & Success

McInnes Wilson Lawyers Successfully Applies for Creditor Determination Review
High Court Settles Law On Penalty Clauses In Paciocco

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Get in touch with Glenn Caligaris today

Brisbane

(07) 3231 0601