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So far Insolvency Law Experts has created 426 entries.

BVI And Cayman Insolvency Law: A Comparison

To the uninitiated, offshore legal systems sometimes look like teen-pop boy bands; although you are pretty sure that there are some differences between them, they can all look rather generic unless you look at them very closely. In the case of offshore jurisdictions, noting their general resemblances is often more helpful than focusing in on granular differences between them – until offshore compa­nies enter financial distress, when those differences can become much more starkly […]

By |July 16th, 2015|

Proposed insolvent trading safe harbour – a new life raft for companies struggling to stay afloat?

The Productivity Commission has recommended that the insolvent trading provisions in the Corporations Act 2001 (Cth) be amended to include a ‘safe harbour’ for directors in certain circumstances.

The proposal aims to encourage directors to explore restructuring options and to avoid prematurely plunging companies into voluntary administration.

If adopted, the amendments could prove to be a useful measure in assisting companies to stay afloat in what is a less than buoyant market.

In this alert, Partner Nicole […]

By |July 14th, 2015|

Update on the big five insolvency issues affecting New Zealand

Over the last couple of years, we have developed the habit of periodically pushing up the periscope to try to determine the ‘big five’ insolvency issues on the horizon.

Below is a retrospective assessment of how we did last time and our best guess as to what will dominate the next 12 months.

The big five issues for 2015

  • financial distress for dairy farmers as payments drop
  • more activity from the Financial Markets Authority (FMA) as it flexes […]
By |July 10th, 2015|