About Kim Reid
Kim is an experienced commercial litigator and is Allens' Sector Leader, Banks & Financial Institutions. He advises corporates and banks in Corporations Act and securities litigation, takeovers and transactional disputes, class actions, financial services litigation, contractual disputes and insolvencies.
Kim is also a member of our regulatory investigations team and acts for clients in relation to investigations and enforcement action commenced by regulators such as ASIC and the ATO. He has received independent recognition from Chambers Asia-Pacific for his strategic ability and pragmatism. He has also been selected by his peers for inclusion in the editions of Best Lawyers in Australia in the area of litigation for each of the years 2011–2021.
He has deep expertise in the financial services and resources sectors. He has led the court approval process in a number of high profile M&A deals involving schemes of arrangement, including the acquisition of Westfield Corporation by Unibail-Rodamco; the acquisition of Foster's Group by SABMiller; Wesfarmers' acquisition of the Coles Group and News Corporation's scheme to effect 're-incorporation' in the United States.
Kim was a Co-Editor of our Annual Review of Insolvency & Restructuring Law for many years and has acted for lenders, borrowers, insolvency practitioners and auditors involved in a number of significant corporate collapses and restructurings.
Kim's recent matters include acting for:
- CBA in connection with a class action relating to life insurance policies recommended by financial advisers
- Macquarie Bank in relation to litigation concerning its investment in the Connective Group, a mortgage aggregator
- KB Financial Group companies in connection with Supreme Court litigation concerning alleged misappropriation of funds
- Banks in a range of investigations being conducted by ASIC
- Rio Tinto in various disputes and investigations
- A financial services client in the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry
- ANZ and the receivers of Forge Group in connection with multi-pronged litigation commenced by GE and APR Energy in Australia, the United States and the UK
- Banking syndicates in connection with restructuring and work-outs for borrowers.
Kim is admitted to practice in New South Wales and Western Australia, and is a member of AMPLA (the Resources and Energy Law Association).