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.
Singapore
12 Marina Boulevard
Marina Bay Financial Centre #36-03 Tower 3
Singapore, SG 018982
F +65 6428.2500
London
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.
Education
- University of Adelaide, LLB
- University of Adelaide, B.A.
Admissions
- England and Wales