Service

Restructuring and Insolvency

Summary

When a business faces financial distress, it needs prompt and practical advice from experienced professionals who can navigate the challenges and find the best possible outcome. Creditor, debtor, shareholder, director, or insolvency practitioner – it makes no difference – we understand the issues and risks involved and provide clear and strategic guidance on all aspects of restructuring and insolvency.

Our team of specialists is consistently recognised by the Legal 500 Asia Pacific and Chambers and Partners as one of the leading firms in New Zealand for restructuring and insolvency. We're known for our holistic approach, rapid response time, and depth of specialist experience. We have a proven track record of delivering results across a range of transactions, from debt recovery and security enforcement to refinancing, all forms of restructuring, receivership, voluntary administration, and liquidation.

Key services

Corporate recovery

With a diverse portfolio of clients, including banks, finance companies, chartered accountants, receivers, liquidators and the Official Assignee, our team of experts offers a full range of services, including litigation. We have particular strength and knowledge in mortgagee sales, asset recovery, Personal Property Securities Act priority issues, debt factoring, and personal insolvency.

Debt recovery and insolvency

We represent creditors, debtors, liquidators, receivers, administrators, and other stakeholders (such as directors and shareholders) in insolvency and distressed asset litigation. On behalf of our clients, we pursue and defend claims, enforce judgments and securities, recover assets, challenge transactions, and resolve disputes.

Key people

Work Highlights

Acted for the liquidators of CBL Insurance Limited (in Liquidation), in a claim against the directors and advisors of the company in respect of losses claimed at no less than $320 million.
Acting for a bank and the receivers in a large insolvency case, acquiring resource consents, advising on climate change carbon credit issues and acting in the sale and settlement of the land.
Acting for the Official Assignee in a complex, cross border bankruptcy that involved many unique aspects, including the appointment of interim liquidator and the liquidating the company under the courts inherent jurisdiction.
Acting for liquidators in relation to the discharge of their statutory duties and functions, including bringing and defending proceedings against recalcitrant creditors, debtor shareholders and errant directors.
Acting for banks, other secured creditors and receivers in relation to the enforcement of security interests, including GSAs, specific securities and mortgages.
Acting for the Official Assignee in relation to the discharge of their statutory duties and functions in the context of personal insolvency appointments including the exercise of their powers under the Insolvency Act 2006.
Acting for unsecured creditors seeking to recover debts from a distressed company or individual.
Acting for distressed companies or individuals seeking to avoid or mitigate the fallout from a formal insolvency process.