EY's NZ insolvency team disestablished

There are just over 130 licensed insolvency practitioners in NZ. (Image: Getty)

Mon, 02 Dec 2024

EY has disestablished its New Zealand insolvency team, but its absence won't leave a shortfall of expertise in the market, the profession's membership body says.In a written statement, an EY spokesperson said, "as a result of changing market dynamics", EY ceased offering insolvency services in March.A recent receivers' report for a company with EY liquidators appointed said that due to the restructuring, the New Zealand-based EY liquidator had resigned and appointed Morgan Kelly of EY Sydney as liquidator.'No loss'...

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