Package includes:

Online CPD Module  l  Booklet  l  PowerPoint Presentation

Package Fee (incl GST)

• $205 - NZLS members and Associate members
• $255 - Non-members

Note: Access to the online files is via your "My CPD" page. If you would like to purchase multiple packages, please contact us here.

Online CPD Module

While some six years have passed since the on-set of the Global Financial Crisis, the rate of commercial failures in New Zealand remains high. Questions surrounding business insolvency present frequent challenges to practitioners across a wide range of commercial practice.

In addition, a sound understanding of insolvency and securities law is fundamental to structuring and achieving successful commercial transactions. Providing effective advice to your clients requires a real understanding of the key issues that frequently arise on business insolvencies.

This seminar will focus on insolvency from a commercial and business perspective. It will include consideration of the key developments in receivership and liquidation case law over the past few years, particularly those following the 2007 amendments to insolvency provisions in the Companies Act 1993.

• Compromises with creditors and schemes of arrangement.
• Liquidators and receivers powers to obtain documents and other information.
• Actions by liquidators for breach of directors duties (including as against shadow directors).
• Voidable transactions.
• Preferential creditors in receiverships and liquidations.
• PPSA – common disputed issues concerning priority and enforcement.

Learning objectives

• Be informed and up-to-date on the key contemporary issues on business insolvencies.
• Better understand what advice needs to be provided to your clients, and steps that can be taken to best protect or advance their position should an insolvency situation arise.

Please contact us if you use a dial up internet connection.

Electronic Booklet

Introduction

The law has long recognised that insolvency law requires relevant principles to be applied in a pragmatic way. This principle is captured in the purpose of the Act to provide straightforward and fair procedures for realising and distributing the assets of insolvent companies. Where ambiguity has arisen, the development of recent case law is a welcome addition from a business certainty perspective.

This seminar focuses on insolvency from a commercial and business perspective, including consideration of the key developments in receivership and liquidation case law over the past few years. In particular, the following topics will be discussed:

(a) Compromises with creditors and schemes of arrangement
(b) Liquidators and receivers’ power to obtain documents and other information;
(c) Actions by liquidators for breach of directors’ duties;
(d) Voidable transactions;
(e) Preferential creditors in receiverships and liquidations; and
(f) PPSA – common disputed issues concerning priority and enforcement.

PowerPoint Presentation