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Tom Reid
senior associate, litigation and dispute resolution
meet Tomabout Tom
about Tom
Tom Reid provides clear, straightforward advice to his clients from the outset.
Tom’s analytical and tenacious nature is well-suited to his practice area of litigation and regulatory matters. His commitment to seeing a matter through drives him to unravel the issue at hand and provide sound, strategic advice.
Tom believes that creating a meaningful relationship with his clients in the early stages of litigation is paramount. He is a fierce advocate for his clients and wants them to feel as though they have a way forward in challenging circumstances.
He has a history of achieving good outcomes on a variety of complex litigation matters. The exposure to a wide range of disputes allows him to prepare and implement a clear and considered strategy – each step of the way.
Areas of Expertise
ACL claims
ASIC investigations – section 19 examinations
corporations act
directors’ duties
intellectual property disputes
regulatory matters
shareholder disputes
additional qualifications
bachelor of laws, 2006, university of surrey
master of laws, corporate and commercial, 2007, unsw
graduate certificate in intellectual property, 2015, uts
recent
experience
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breach of directors duties
Tom acted for a property development company and the majority of its shareholders in proceedings against a former director. The proceedings involved a multitude of claims, including claims for breach of directors’ duties, breach of fiduciary duties, fraud, deceit, and fraudulent concealment. Following a complex analysis of the defendant’s conduct, which included an examination of hundreds of payments described by the Court as a “labyrinth”, Tom’s client obtained a judgment in excess of $5 million, plus interest. Following judgment, Tom assisted his client by obtaining a fixed sum costs order against the defendant for $2.8 million, before commencing recovery action (including freezing orders) which resulted in a payment of all amounts owed by the defendant.
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insider trading investigations
Tom acted for an ASX-listed company in respect of an investigation by ASIC into suspected insider trading by officers of the corporation. Tom engaged with the regulator and third parties to assist his client to comply with ASIC’s requirements in a cost-effective and efficient manner and managed a simultaneous internal investigation into the subject matter of ASIC’s enquiries. The rapid mobilisation of the investigation allowed Tom to provide quick and clear advice to his client in anticipation of ASIC’s investigation progressing.
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ASIC investigations
Tom has acted for numerous individuals, including executives and employees, in respect of investigations conducted by ASIC. Tom assisted those individuals in dealing with ASIC, responding to notices to produce, and preparing for and attending section 19 examinations. Tom focuses on ensuring that his clients are properly prepared and represented during the investigation process.
