Flora Innes advises clients on restructuring and insolvency matters.

Ms. Innes has significant experience in complex corporate restructures, insolvency proceedings, and cross-border disputes, and has acted in many high-profile matters. She regularly advises banks, investment funds, insolvency practitioners, and corporate borrowers.

Ms. Innes’ representative experience includes advising:

  • An ad hoc committee of offshore bondholders with respect to Zhongliang Holdings Group, a high-profile Hong Kong-listed Chinese real estate developer, on the restructuring of its five series of USD guaranteed bonds with face value of circa US$929 million, as well as other private loans of the company
  • Hong Kong Airlines on the holistic restructuring of its US$6.2 billion debts and liabilities, including its guarantee of the US$683 million perpetual securities issued by Blue Skyview. This restructuring involves the first ever parallel Hong Kong scheme of arrangement and UK restructuring plan
  • Huachen Energy, a private thermal power generator in China, on its US$500 million bond restructuring, including the first-ever US chapter 15 recognition of a PRC bankruptcy reorganization plan
  • Pearl Holding III Limited, a sponsor-backed manufacturer and distributor of precision plastic injection moulds, in its restructuring of US$175 million senior secured notes due 2022 through a Cayman scheme of arrangement in conjunction with a refinancing of its senior secured revolving credit facility
  • An ad hoc committee of bondholders with respect to China Fortune Land Development, a high profile Shanghai-listed Chinese real estate developer, on the restructuring of 11 series of USD guaranteed bonds with face value of circa US$4.6 billion
  • An ad hoc group of bondholders on the successful restructuring of the US$248,394,000 senior notes issued by MIE Holdings Corporation
  • Dr. Peng Holding Hongkong Limited and Dr. Peng Telecom & Media Group, the largest private telecom operator and internet service provider in China, on a successful restructuring of its US$422 million 5.05% bonds originally due 1 June 2020, by way of a consent solicitation process
  • a major secured lender to Borr Drilling, an international drilling contractor to the oil and gas industry, since 2020 over 3 rounds of debt restructuring
  • an ad hoc group of bondholders in relation to their enforcement actions and winding up petition against REXLot Holding Limited, a Hong Kong-listed company principally engaged in lottery and related businesses
  • a bank syndicate in relation to the restructuring of a guaranteed loan to Summi (Group) Holdings Limited, a Hong Kong Exchange-listed orange juice producer
  • Liquidators of Top Wise International and Top Wise Excellence, the offshore subsidiaries of Kangde Xin Composite Material Group Co Ltd, a high-profile manufacturer of laminating film and laminating equipment in the PRC
  • The steering committee of noteholders in relation to the restructuring of the senior USD notes issued by Hidili Industry International Development Limited, a PRC-based coal mining company
  • Liquidators (from PwC) of Shanghai Huaxin (Hong Kong) Limited, a key subsidiary of one of China’s largest publicly-held conglomerates CEFC Group
  • Dongying Fangyuan Group (a large PRC copper producer) on the restructuring of its onshore and offshore bank debts, of which one third represents offshore bank loans from over 20 foreign banks/bank syndicates 
  • The liquidators of Lehman Brothers Australia Limited (LBA) in connection with a successful scheme of arrangement and a cross-border litigation with LBA’s US parent concerning the validity of “flip clauses”*

*Matter handled prior to joining Latham

Bar Qualification

  • Hong Kong (Registered Foreign Lawyer)
  • New South Wales (Australia)


  • LLB, The University of Sydney, 2010
  • Bachelor of International Studies, The University of Sydney, 2008