Spotlight on Practical Law New Zealand's corporate insolvency and restructuring topic
Included in Practical Law New Zealand's restructuring resources is a trio of practice notes, written by PLNZ with assistance from James McMillan, Partner, Dentons Kensington Swan:
- How to identify a company in financial difficulty (explaining the decline curve of a business in financial difficulty and how to obtain information to assess whether a company is in financial distress or crisis).
- How can I protect my business from a debtor getting into financial trouble or going into insolvency? (outlining how to respond to the financial difficulties or insolvency of a company that owes money, including how to press for payment from a distressed trading partner).
- How do I give effective advice to a business in financial difficulty? (outlining the practical and regulatory considerations that are relevant to a lawyer when advising a company in financial difficulty or near insolvency).
New Zealand insolvency industry experts are predicting that 2021 is going to be a busy year in the corporate insolvency and restructuring space. These practice notes, as well as the Practical Law New Zealand Resource Centre's other corporate insolvency and restructuring resources, are likely to be invaluable for many practitioners.
Subscribers can access the corporate insolvency and restructuring topic, as well as Practical Law New Zealand's seven other key commercial law topics, from Practical Law New Zealand's home page. For more information, or to discuss a subscription to Practical Law, please contact Abigail Milburn, Practical Law New Zealand Lead.