Profile of Kim Reid

Kim Reid

Partner, LLB

About Kim Reid

Kim is an experienced commercial litigator. 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, AUSTRAC, the ACCC and the ATO. He has received independent recognition from Chambers Asia-Pacific for his strategic ability in high stakes litigation. 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 2011–2023.

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 responding to a class action relating to life insurance policies recommended by financial advisers
  • Star Entertainment Group companies – in Federal Court civil penalty proceedings brought by AUSTRAC concerning alleged contraventions of the Anti-Money Laundering and Counter-Terrorism Financing Act
  • Rio Tinto – in connection with the Supreme Court proceedings involving Wright Prospecting, DFD Rhodes, Hancock Prospecting and members of the Rinehart family in connection with the Hope Downs iron ore joint venture
  • CBA – in Federal Court proceedings commenced by two shareholders for access to documents under s247A of the Corporations Act relating to its climate change related commitments
  • BGH Capital – in relation to the contested acquisition of Virtus Health
  • Macquarie Bank – in relation to litigation concerning its investment in the Connective Group, a mortgage aggregator
  • Various clients – in responding to data breach related issues
  • A financial services institution – in relation to the ACCC's Retail Deposits Inquiry
  • A range of clients – in relation to ESG issues including enquiries by activists, AGM resolutions and compliance related matters
  • KB Financial Group – companies in connection with Supreme Court litigation concerning alleged misappropriation of funds
  • Corporates – in a range of investigations being conducted by ASIC including insider trading and compliance investigations
  • Banking syndicates – in connection with enforcement and restructuring issues.

Kim is admitted to practice in New South Wales and Western Australia, and is a member of AMPLA (the Resources and Energy Law Association).