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Latest Insight

Whyalla wipeout: State-sponsored upending of creditor waterfall?

Background On 19 February 2025, the South Australian government forced OneSteel Manufacturing Pty Ltd (the Company), the operator of the Whyalla steelworks, into external administration in response to protracted failures to pay outstanding royalties owed to the State and trade debts of at least $300 million. The administrators’ appointment was procured by urgent amendments to ...

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Latest News

Deal profile | Gadens advises on transfer of Melbourne Yarra Trams franchise from KDR Victoria Pty Ltd to Yarra Journey Makers

  • 6 March 2025
  • Gadens advised on the transfer of the entire Melbourne Yarra Trams franchise from the outgoing franchisee, KDR Victoria Pty Ltd (KDR), a joint venture between Keolis and Downer, to the new franchisee, Yarra Journey Makers (YJM), being a joint venture between John Holland and Transdev. ...
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