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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
A cryptocurrency exchange has filed for Chapter 15 recognition of its New Zealand liquidation proceedings, following the theft of more than US$16 million worth of its digital assets earlier this year.
29 May 2019
Despite the parties reaching a confidential settlement out of court, a Cayman judge that sat through a mammoth 41-day trial of a winding-up petition has handed down his judgment on the grounds there was a “strong public interest” to do so - dismissing the case as “improper”.
12 October 2018
New-Zealand based financial advisory firm Hobson Wealth Partners has appointed a founding member of the International Insolvency Institute, Jenny Sutton, to lead its board of directors.
01 December 2016
In recent weeks the Indian government has legislated for a sharp rise in its banking sector’s non-performing debt, and New Zealand has opened a public consultation to tighten up regulations for insolvency practitioners. Meanwhile, Australia has released a revised timeframe for its forthcoming insolvency reforms.
30 August 2016
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