NZ

ARITA’s ‘bushfire and COVID-19’ request to government for funding

ARITA – the main Australian industry body representing insolvency practitioners and lawyers – has asked the government[1] for funding to …

Managing the insolvency curve – a new government role is needed?

There is expected to be a wave of businesses and individuals going into liquidation or bankruptcy despite the huge financial …

Changes to Australia’s insolvency laws – some different perspectives

The recent changes to Australia’s insolvency laws are being well explained by the experts. These are some comments from me …

New UK Insolvency Code of Ethics

A new version of the Insolvency Code of Ethics will apply from 1 May 2020 to all insolvency practitioners in …

Disclosure of business tax debts to credit agencies

Law allowing the Australian Taxation Office (ATO) to disclose tax debt information of businesses – corporate and personal, over AU$100,ooo …

Cross-border insolvency hearing between Australia and New Zealand

The Federal Court of Australia requested the High Court of New Zealand to help it jointly hear applications on 18 …

A review of Australia’s insolvency practitioner regulation system

Given a choice between a good insolvency law and poor practitioners, and good practitioners and a poor insolvency law, the …

Million pound fines for breach of insolvency standards

The million pound fining of an insolvency firm and its administrators by the English accounting body ICAEW illustrates the differences …

Review of Australia’s insolvency safe harbour – s 588GA

Australia’s ‘safe harbour’ regime under s 588GA is due for review, since September 2019, as to whether it offers the …

How low can we go – funding the insolvencies of assetless estates

Obvious as it is to say, insolvency involves limited or no money, and how to fund its existence as a …

Selfies of Australian insolvency practitioners – not looking good …?

Recent Australian academic research reveals an insolvency industry comprising practitioners with low self-identity, lacking in self-confidence and with a limited …

The 2020 insolvency practitioner codes

New insolvency practitioner codes have issued in Australia, with the UK and NZ perhaps not far behind. It remains to …

Winding up a company for a $1,000 debt

” … the issue of proportionality between the amount of indebtedness and the deployment of an application to wind up …

An insolvency safe harbour in New Zealand?

As Australia is about the review the first two years of operation of its 2017 safe harbour reforms,[1] New Zealand …

New Zealand insolvency – accrediting the professional bodies

Public consultation in New Zealand is now open on a discussion paper on the minimum standards and standard conditions for …

Halifax – no reason why the NZ High Court should not physically sit in Australia …

The on-going matter of the Halifax liquidation came before Justice Jacqueline Gleeson in the Federal Court of Australia (FCA) on …

Insolvency – some root and branch ideas

Does the government shirk its responsibilities in ensuring the proper operation of our insolvency regime by unloading the costs of …

Halifax – a cross-border insolvency

A joint hearing of Australian and New Zealand courts is one way to deal with an intermingled cross-Tasman insolvency, through …

Australia’s Official Receiver (in corporate insolvency)

Australia adopted much of English corporate law at the beginning of the 20th century but one thing it did not …

Breaking a bankruptcy monopoly in New Zealand

There are moves in NZ to break the monopoly of the Official Assignee in personal insolvency by allowing private insolvency …

New Zealand – corporate insolvency practitioner regulation

The New Zealand government has called for submissions on the proposed minimum standards and conditions for the licensing of insolvency …

New Zealand insolvency reform – half a gift card

The New Zealand government has decided to give consumers with unclaimed gift cards issued by a failed business a priority …

Cross-border insolvency – the Canberra session

I was pleased to have been involved with others in giving a presentation on UN Day 24 October 2019 to …

NZ insolvency practitioner costs recovery fees

The New Zealand government has released a discussion paper on proposed regulations concerning fees and other arrangements in preparation for …