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Insolvency Measures In New Zealand: A Temporary 79 DIP Model

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Date

2021

Authors

Kamalnath, Akshaya
Deora, Pulkit

Journal Title

Journal ISSN

Volume Title

Publisher

Bloomsbury

Abstract

The Companies Act 1993 governs corporate restructuring and insolvency of New Zealand corporations, including distributions of a company's assets to creditors. New Zealand's main corporate restructuring processes are creditor compromises, schemes of arrangement, receivership, voluntary administration and liquidation. There are no circumstances under which a company or its directors are obliged to commence formal insolvency proceedings. However, directors may initiate formal insolvency proceedings to minimize the risk of personal liability for reckless trading

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Keywords

Citation

URI

https://hdl.handle.net/1885/733753752

Collections

ANU Research Publications

Source

Type

Book chapter

Book Title

COVID-19 Exploring the New Normal in Insolvency

Entity type

Access Statement

License Rights

DOI

Restricted until

2099-12-31

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INSOLVENCY MEASURES.pdf (534.02 KB)

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