Natasha Toholka

Norton Rose Fulbright Australia

Natasha Toholka

Natasha Toholka



Natasha Toholka is a financial services, restructuring and insolvency lawyer based in Melbourne. Natasha also advises clients operating in the technology and innovation sector.   

Natasha advises clients on all aspects of banking and finance litigation, security enforcement, insolvency (reconstructions, workouts, formal appointments and cross-border), general commercial disputes, disciplinary proceedings and regulatory investigations.   

Natasha is an ARITA Fellow and Victorian deputy co-chair of the Law Council of Australia's Insolvency and Restructuring Committee.

Natasha is our Cultural Diversity Sponsor and chair of our Cultural Diversity Think Tank.

Professional experience

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  • Bachelor of Laws (Monash) 
  • Bachelor of Arts (Monash) 
  • Insolvency Education Program (University of Southern Queensland) (now ARITA Advanced Certification)
  • High Court of Australia 2000
  • Supreme Court of Victoria 1999
  • Financiers -  all aspects of restructuring, security enforcement and insolvency, including appointment of receivers and managers, investigating accountants and voluntary administrators
  • Financiers and receivers and managers - in relation to managed investment schemes, including successful applications to wind up managed investment schemes and successfully defending an appeal to the Victorian Court of Appeal
  • Liquidators - in respect of voidable transactions; managing large portfolios of recovery proceedings
  • Defending receivers - in section 420A Corporations Act and other claims
  • Corporate groups - providing restructuring advice in respect of corporate groups, including an AIM listed entity (UK) and ASX listed entities
  • Auditors - in defending third party proceedings brought by the directors of an insolvent company in relation to the liquidator's insolvent trading claim
  • Australian liquidators - in a proceeding in the Bankruptcy Court, District of Nevada – the first time an Australian voluntary winding up was recognised in the US or anywhere else, as a "foreign main proceeding"
  • Insolvency practitioners - before disciplinary boards and committees and in ASIC investigations
  • General commercial proceedings - before the Supreme Court of Victoria, Victorian Court of Appeal, Federal Court of Australia and High Court of Australia, including successful alternative dispute resolution mechanisms
  • Voted by peers as one of Australia's Best Lawyers in insolvency and reorganisation law (2016-2020)
  • Recommended for insolvency and restructuring by Doyles (2017-2020)
  • Recommended for restructuring and insolvency, dispute resolution by The Legal 500 Asia Pacific (2018)
  • Australian Restructuring Insolvency and Turnaround Association (ARITA) Vic/Tas Division  conference - Robit Nominees and the duties of voluntary administrators (2016)
  • ARITA technical forum - panellist on safe harbour and ipso facto law reform (2017)
  • Traill & Associates Practical Insolvency Conference (2018, 2019), presenter
  • ARITA Vic/Tas conference - Challenges facing the insolvency profession (2019)
  • ARITA National conference - The business case for diversity with Emma Isaacs, CEO Business Chicks (2020)
  • ARITA Advanced Certification workshop leader (2019, 2020)
  • Law Institute of Victoria CLE program - Insolvency update with C Rome-Sievers and M Galvin QC of the Victorian Bar (2020)
  • ARITA (Fellow), member of ARITA's Balance Taskforce
  • INSOL International
  • Deputy co-chair, Insolvency and Restructuring Committee, Law Council of Australia
  • Law Institute of Victoria
  • Asian Australian Lawyers Association
  • English