Insolvency & Restructuring
New Zealand’s economy continues to perform well in comparison to its global peers but sitting below this positive headline is a more complex picture of different industries moving through economic cycles of growth and rationalisation. Canterbury’s rebuild activity will start tailing off in the next few years, with some flow-on effect in wider regional economy. In the agribusiness sector, recent downgrades to forecast dairy pay-outs will create some pressure for farmers and rural lenders.
Businesses facing challenging financial situations are more likely to remain solvent when they have clear plans for managing their risks around insolvency. Strategies vary considerably, meaning tailored advice is important in achieving an optimal outcome. Our insolvency and recovery team are specialists from our commercial and litigation divisions with experience in a wide range of local, trans-Tasman and cross-border insolvency matters.
We work with companies in need of insolvency and restructuring advice. We provide realistic legal advice, delivering tailored solutions on all insolvency and business recovery matters. We have close connections to lenders and insolvency practitioners, ensuring we take a practical and strategic view of each clients’ particular situation.
We advise creditors in a range of debt collection and insolvency proceedings, including rights under the Personal Property Securities Act and securing on-shore and off-shore assets.
Working closely with our litigation and banking and finance teams, we also advise banks, finance companies and other creditors on debt restructuring compromises, recoveries and insolvent transactions.
We also advise liquidators when directions are sought from the Court, and in interim liquidation situations. We have experience advising on liquidation claims including transactions at an undervalue, voidable transactions and charges, and claims against directors.
Our areas of expertise include:
- Securities enforcement
- Corporate restructuring
- Voluntary administration
- Statutory management
- Creditor disputes and compromises
- Directors’ liability
- Litigation and dispute resolution