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Milbank Expands Financial Restructuring Practice with Addition of Dunstone in Asia

byIan Koplin
April 6, 2023
in People

Nicholas Dunstone joined Milbank’s Singapore office as a partner in the financial restructuring group.

“We are thrilled to welcome Nick to the firm,” Scott A. Edelman, chairman of Milbank, said. “Nick brings significant knowledge as both a lawyer and investment professional that spans a broad range of geographic markets. His expertise will be invaluable as we continue to expand the scope and capabilities of our global restructuring practice.”

Dunstone joins Milbank with 25 years of experience as a restructuring specialist in multiple jurisdictions across the globe. His experience includes acting as a legal adviser to the global fund and distressed investing community and serving as a partner in an investment fund.

“Milbank is proud of its longstanding commitment to Asia, with a leading market practice in advising clients on restructuring situations,” David H. Zemans, managing partner of the firm’s Asia Practice and Singapore office, said. “Nick’s addition as a dedicated restructuring expert further highlights the breadth of our services in the region while complimenting our ability to service clients on the most complex situations. Nick has a reputation as an excellent lawyer with a vital understanding of the region built over his decades of experience, making him a fantastic addition to the team.”

Dunstone has built a highly distinguished global practice representing funds and financial institutions in an array of complex situations. He started his career in London representing U.S. hedge funds in European distressed situations, then moved to an Australian firm to establish a practice in Australia representing global distressed investing funds. He then moved to Hong Kong to join an international law firm’s Asian restructuring practice.

“Nick’s arrival further enhances our global financial restructuring capabilities and expands our service offerings into Asia, where he is already a highly regarded restructuring advisor,” Dennis Dunne, practice group leader of Milbank’s financial restructuring group, said. “The combination of his experience as a lawyer and principal within a leading distressed investing fund provides him with a unique skill set, as well as a depth of understanding of the options, strategy and leadership required to achieve the best outcome in complex restructuring situations. His strong presence adds to our existing global preeminence, and we look forward to establishing our restructuring presence in new global markets.”

Prior to joining Milbank, Dunstone was most recently a partner at Asia Research & Capital Management, an investment firm in Hong Kong, where he led investment in private and public credit situations, including primary lending, special situations and distressed debt situations across Asia and globally. Dunstone had a particular focus on energy and infrastructure investments.

“I am thrilled to be joining Milbank’s financial restructuring group,” Dunstone said. “The firm’s global reputation for top tier, international counsel will provide outstanding opportunities for me to provide the best possible service to clients, especially in complex multijurisdictional situations. I developed a relationship with Milbank while working as an investment professional, drawing me to the firm’s skill set and commercial problem-solving focus. I am excited to start working with my colleagues across the firm globally, with a focus on restructuring situations across the Asia-Pacific region.”

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