Regional news: New Zealand

A Kentucky entity set up by Australia-based businessman Kenneth Wikeley has been reprimanded for violating a Chapter 15 stay obtained by liquidators appointed over the trustee of his family trust, which has been accused of fraud by a purported investor.

01 June 2023

A Canadian fuel company has sought recognition of its domestic insolvency proceedings in Florida, while the representatives of a Ukrainian bank, the trustee of a New Zealand family trust and a Brazilian oil drilling group have secured Chapter 15 orders in Florida, Kentucky and New York.

05 May 2023

While acknowledging the limited regulatory guidance currently in place, managing partner Kyle Broadhurst and Richard Parrish from Cayman boutique Broadhurst provide a brief overview on how at least seven different jurisdictions are approaching the treatment of crypto assets in insolvency.

06 February 2023

Investors in collapsed Antipodean stockbroker Halifax have failed to overturn complementary court decisions in Australia and New Zealand over the distribution of the group’s commingled assets, after appeal courts in both jurisdictions sat in another ground-breaking joint hearing.

27 October 2021

The liquidators of an investment manager’s Australian and New Zealand arms have secured parallel distribution directions following the first ever joint hearings between courts in each jurisdiction.

01 June 2021

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