UBS brings in local heavyweights to tally First Brands’ Australia toll

UBS, a major secured creditor to the Australian subsidiaries of bankrupt US auto parts giant First Brands Group, has engaged FTI Consulting’s Vaughan Strawbridge and White & Case’s Timothy Sackar to advise on its regional exposure, including interests in Bendix and Trico, as First Brands’ Chapter 11 filing in Texas ripples through its Asia-Pacific operations with reported liabilities of up to US$50 billion.

More from AFR (subscription required).