COVID-19: Temporary ‘Safe Harbour’ provisions for directors
The Government has recognised the impact COVID-19 has had on businesses. For this reason, the Government has proposed new temporary ‘Safe Harbour’ provisions into the Act, which will provide directors with protection if directors decide to continue t
One key way businesses can mitigate the challenge of COVID-19 is by undertaking a scenario analysis, to try and uncover a clearer picture of the way forward. We’ve answered the top questions that business leaders might have about starting that proces
There are existing tools available that can help your business recover from the effects that COVID-19 has had on the business environment. The Government has also recently announced a new tool; the Business Debt Hibernation Scheme.
COVID-19: Changes to the New Zealand insolvency regime – 6 April 2020
On 3 April, the Minister of Finance, Hon Grant Robertson, announced several changes to the New Zealand insolvency regime. These changes came following concerns that a number of well-governed, viable firms had become vulnerable as a result of COVID-19