Kamalnath, AkshayaDeora, PulkitSharma, SameerShikha, Neeti2025-05-262025-05-269789354354892https://hdl.handle.net/1885/733753752The 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 tradingapplication/pdfen-AUCopyright © IICA, 2021. Copy rights for individual chapter belongs to the authors.20212023-10-29