NZ insolvency practitioners face new licensing regime

Thu, 25 Aug 2016

By Paul McBeth Aug. 25 (BusinessDesk) - New Zealand's insolvency practitioners look likely to face a new licensing regime after a report to Commerce Minister Paul Goldsmith found that gaps in existing rules enable dishonesty and incompetence. The public has until Oct. 7 to make submissions on a review of insolvency law, which Goldsmith says is primarily to find what the minimum level of entry should be for the specialists tasked with winding down companies. The Insolvency Working Group, set up in November, recommended improvements to...

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