‘Ruthless approach’: Expert calls for insolvency overhaul

More than 90% of financially stressed companies in NZ are terminated through liquidation.

Mon, 22 Dec 2025

New Zealand’s corporate insolvency regime has fallen behind Australia and the United Kingdom, and a review of the Companies Act risks missing a once-in-30-year opportunity to modernise insolvency law and better preserve company value, a senior commercial barrister says.In August 2024, the Government announced the Ministry of Business, Innovation and Employment (MBIE) would undertake reforms to modernise the Companies Act, aimed at making company law clearer and more workable. A second phase involves a Law Commission review of directors&rs...

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