In 2006, New Zealand adopted far-reaching insolvency reform. Parliament passed three new Acts to provide for a more modern regime to deal with bankruptcy, liquidation and their alternatives.
Insolvency Act 2006;
Companies Amendment Act 2006;
Insolvency (Cross-border) Act 2006.
The first edition of this work, published in 2007, provided commentary on the changes to the law. Highlights from the first edition included the new corporate rescue regime (voluntary administration), the new voidable transactions provisions and, in personal insolvency, the No Asset Procedure, a new alternative to bankruptcy found in the Insolvency Act 2006. The first edition also considered the impact of the Insolvency (Cross-border) Act 2006.
Since publication of the first edition there have been important amendments that affect the substantive law. This second edition updates the first edition by providing an analysis of recent statutory amendments. This edition also provides an up-to-date analysis of the case law that has interpreted the relevant statutes.
Personal and Corporate Insolvency Legislation: Guide and Commentary 2nd ed. gives practitioners a pathfinder to the framework, concepts and key changes in the 2006 legislation and to more recent statutory amendments, explains and analyses key new case law. The work includes the consolidated statutes in this portable volume of important legislation.
