Introduction

Carmen Boothman is a partner in our restructuring, insolvency and special situations practice

Carmen has over 15 years’ experience acting for secured lenders, corporate clients, restructuring professionals, company boards and other stakeholders in relation to all aspects of corporate distress.  Her experience covers the full gamut of restructuring and insolvency practice, including formal and informal restructuring and insolvency proceedings, securities enforcement, and insolvency-related litigation. 

Carmen has a particular focus on corporate distress in the financial services, construction and mining and resources sectors. Her most recent notable engagements have included acting for the court-appointed receivers and managers, and liquidators, of a $1bn international pension custodian and financial services licensee, involving misappropriation of funds and suspected financial misconduct. 

Carmen is committed to exceptional client service delivery and has a reputation among her clients for providing advice that is technically excellent and commercially astute.

*Experience prior to joining Ashurst Perkins Coie

  • McGrathNicol | Lead partner | November 2023 to February 2026 | Acting for the court-appointed receivers and managers, and liquidators, of Brite Advisors, a $1 billion international pension fund custodian and financial services licensee, involving misappropriation of funds and suspected financial misconduct. As a key enforcement matter for ASIC the engagement  called for a collaborative and coordinated approach between practice areas to address financial services and pension regulatory matters, Australian and US taxes, Australian and cross-border insolvency, investigations into suspected financial misconduct of directors and officers and liaising with various public and private stakeholders including ASIC (and its counterparts in the UK, US, Hong Kong, Gibraltar, Malta and Guernsey), AFCA and the CSLR. 
  • McGrathNicol | Partner | June 2022 to February 2026 | Acting for the liquidators of several companies associated with a large landowning family in Western Australia. The engagement involved assisting with complex investigations into intercompany transactions, and several sets of asset recovery proceedings in the Supreme Court of Western Australia and the Federal Court of Australia, including voidable transaction claims, vesting actions and insolvent trading claims.
  • Pitcher Partners | Partner | 2022 to February 2026 | Acting for the liquidators of an ASX-listed gold miner, with respect to insolvent trading claims against the current and former directors, including securing third party litigation funding and associated court approvals to enable the liquidators to bring the action. 
  • Various equipment hirers in mining and resources industries | Advising various mining equipment and other yellow goods hirers with respect to their security position under the Personal Property Securities Act 2009 (Cth) (PPSA). These engagements have included advising on various successful applications under section 293(1)(a) of the PPSA and section 588FM of the Corporations Act 2001 (Cth) for orders extending the time to register security interests (including PMSIs) to ensure the priority of, and to avoid vesting of, the secured party's interest.
  • A major Australian airport | Partner | 2025 | Advising on the implications of REX Airlines entering voluntary administration and subsequently deed administration, with respect to air services arrangements. 
  • Peko Iron Project | Partner | 2025 | Acting for private secured creditor of Elmore Limited, and various of its subsidiaries, which operated the Peko Tailing Rehabilitation Project in Tennant Creek, Northern Territory, and various of its subsidiaries. The engagement involved providing strategic enforcement advice, working with the receivers and managers and voluntary administrators and assisting with transactional aspects of sale of the Project via a sale of assets, underlying tenements and licenses associated with the Project to the buyer. The matter involved navigating complex regulatory and contractual matters, in a contentious context. 
  • Macmahon Holdings Limited | Partner | 2024 | Acting for Macmahon in relation to its acquisition of Decmil Group Limited via scheme of arrangement in 2024, acting as lead on all litigation aspects of the transaction including court applications under the Corporations Act 2001 (Cth) for scheme approval and collaborating with corporate teams with respect to transactional aspects.
  • Clough Limited | Partner | 2023 | Acted for Clough Limited in relation to its informal restructuring endeavors and its attempted refinancing arrangements with WeBuild prior to the formal restructuring process that was commenced, by way of administration and then DOCA, in late 2022 and early 2023. 
  • EY Parthenon | 2022 | Acted for the voluntary administrators and subsequent deed administrators of Pindan Asset Management Pty Ltd, part of the Pindan construction and asset management group in Western Australia. The engagement involved the negotiation and implementation of a deed of company arrangement, which required collaboration and consultation with external stakeholders including the State Government, as well as corporate and commercial, and banking and finance teams.
  • Boards of various ASX-listed and large private companies | Advising on safe harbor advice and developing risk mitigation documentation and strategies to minimize potential exposure to personal liabilities. Relevant industries include mining and resources, oil and gas producers and EPC contractors, energy market derivatives trading, banking and finance, and engineering and civil construction services.