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Articles Related to Corporate Insolvency
Redundancy – Don’t Jump the Gun!
The Employment Relations Authority’s recent decision in Buckingham v St John (“Buckingham”) serves as reminder for employers to ensure their redundancy policies and procedures are sound.
What started with some “minor procedural inadequacies” on behalf of employer St John led to an unfortunate misunderstanding with employee, Ms Buckingham, regarding the redundancy package set out in her employment agreement.
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Solvency – A Plague On Directors’ Minds
Solvency issues are top of mind for many Kiwi businesses in the face of the prolonged disruption caused by COVID-19, together with rising interest rates, inflation and supply chain issues.
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Mainzeal: Round 2 of 3
The Court of Appeal’s recent judgment in Yan v Mainzeal Property & Construction Limited (in Liquidation) [2021] NZCA 99provides further guidance about the circumstances in which directors in office during a period of balance sheet insolvency will be held liable for breach of directors’ duties under the Companies Act 1993.
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Covid-19 – Changes to Company & Insolvency Law to help Preserve Businesses
Today the Government announced urgent legislative changes to the Companies Act 1993 (“the Act”) to help companies face the unique challenges presented by COVID-19.
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