Nicholas Dunstone

Partner

Contact
F +65 6428.2500

Singapore

12 Marina Boulevard

Marina Bay Financial Centre #36-03 Tower 3

Singapore, SG 018982

T +65 6428.2438

F +65 6428.2500

F +44 20.7615.3100

London

100 Liverpool Street

London, UK EC2M 2AT

T +44 20.7615.3051

F +44 20.7615.3100

Nicholas Dunstone is a partner in the firm’s Financial Restructuring Group. Nicholas leads Milbank’s Asia-Pacific restructuring practice and has extensive experience leading complex restructuring situations across Asia and Europe. He splits his time between the London and Asia offices.

Primary Focus & Experience

Mr Dunstone’s practice focuses on cross border financial restructuring and distressed debt investment for a broad range of major international clients, including substantial experience advising creditor steering committees in both contentious and non-contentious situations. His expertise encompasses liability management transactions and rescue finance both inside and outside of formal restructuring processes. Nicholas’ career spans 19 years as a restructuring lawyer, and recently, 11 years as an investment professional at a leading credit fund (and has been based in London, Hong Kong, Sydney and Singapore.)

Selective significant engagements include:  

  • Advising the bondholder committees in the restructurings of Altice France (Lux, France), Altice International (Lux, Portugal), Waldorf Energy (UK, Norway), VNET (China, Cayman)
  • Advising the Lender syndicate on the English Law Restructuring Plan for Ambatovy
  • Advising the sponsors of the Inspire Group (Korea), Food Union (China, Europe)
  • Advising the major creditor in the Petrofac restructuring (Singapore, UAE, UK)
  • Advising secured lenders in restructurings / enforcement of Williams Holdings (NZ) and Rise Korea
  • Lead steering committee member of bondholder / lender groups in the restructurings of Floatel, Oro Negro, Noble Group, Covalent, Bassdrill, Niko Resources, and Songa Offshore.
  • Lead bondholder in Premier Oil (largest creditor in a contentious UK Scheme of Arrangement).
  • Significant investor in pan Asian stressed situations including Vedanta, TEPCO, TMT, Arrium, Seadrill, NADL, DAPL, Toshiba, and Korean Lines  
  • Lead investor in loan to own restructuring with Goldman Sachs of Denon & Marantz (Japan), including serving as board member post restructuring.
  • Board member of a number of shipping companies owning significant fleets of chemical tankers and bulk carriers (Tiger Bulk and Tiger Chem)
  • Lead counsel to special situations funds investing / creditor committees in Australian connected restructurings from 2002 to 2012, including I-Med, Freightlink, Henry Walker Eltin, Southland Coal, Sons of Gwalia, Cubbie Station, Australia Japan Cable, Brandrill, Colorado, Centro, Alinta, Babcock & Brown, Nine Media, Lane Cove Tunnel, Cross City Tunnel, Lynas, Loy Yang and Nexus Energy.

Recognition & Accomplishments

Mr. Dunstone obtained a Bachelor of Arts and a Bachelor of Laws (Honours) from the University of Adelaide, Australia. He was admitted as a Barrister and Solicitor of the Supreme Court of South Australia, a Solicitor of the High Court of Australia and as a Solicitor in England & Wales. Nick has been a speaker at INSOL and other conferences relating to distressed investing and has served as a board member of the TMA in Australia.

He is recognised by Legal 500 Asia Pacific as a Leading Partner for his work in Restructuring and Insolvency in Singapore and is featured in The Best Lawyer in Singapore 2026 Edition.

Additional Details
Education
  • University of Adelaide, LLB
  • University of Adelaide, B.A.
Admissions
  • England and Wales