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Directors of New Zealand construction company Mainzeal, including a former prime minister, have failed to escape liability for breaches of their duties before its collapse, despite an appeal court overturning a compensation award for reckless trading.
07 April 2021
The liquidator of a defunct Russian bank that has been trying to claw back assets from its founder, has secured recognition of an English court’s judgment in the British Virgin Islands against a trio of hurdles – bringing him a step closer to accessing property held in a New Zealand trust.
28 January 2021
Mayer Brown has promoted partners in London and Singapore, while Alvarez & Marsal has appointed a new restructuring co-head in North America and New Zealand firm Chapman Tripp has announced a new special counsel.
20 November 2020
A New Zealand judge has dismissed arguments that Chinese courts are not “true” courts, allowing a power station operator to proceed with enforcing a Chinese judgment debt locally.
13 November 2020
Scandal-hit payment processor Wirecard has agreed to sell assets in the UK, Brazil and Germany, while a Munich court has accepted its parent’s administration filing and insolvency proceedings continue in Australia and New Zealand.
01 September 2020
The High Court of New Zealand has halted a bankruptcy application against a Chinese former director of local construction company Mainzeal, pending his appeal of a multi-million dollar breach of duties judgment.
17 July 2020
The administrators of Australian fashion retail group Colette have been relieved from paying landlords for a period, after the Federal Court of Australia found the covid-19 pandemic had created “extraordinary” circumstances.
21 April 2020
DLA Piper has promoted the co-leader of its New Zealand restructuring and insolvency practice to partner.
02 August 2019
A former employee of a New Zealand foreign exchange and payments services company who fled to Singapore after transferring its funds to accounts he controlled, has been declared bankrupt in a case that has already sparked asset-recovery proceedings in New Zealand, Singapore, Belgium Lithuania and South Africa.
18 June 2019
The Australian Restructuring Insolvency and Turnaround Association has appointed Norton Rose Fulbright partner Scott Atkins as its president under a new governance structure.
30 May 2019
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