Proposed insolvency (and other) relief for businesses impacted by COVID-19

Finance Minister Grant Robertson yesterday afternoon announced a number of proposed temporary changes to the Companies Act, with the stated purpose to help businesses facing insolvency due to COVID-19 remain viable.

The temporary changes include:

Filed under:
New Zealand, Company & Commercial, Insolvency & Restructuring, Buddle Findlay, Coronavirus
Authors:
David Thomson , Grant Dunn , Lisette Hood , Nick Bragg , Sarah McEwan , Scott Abel , Steve Nightingale , Benjamin Sutton
Location:
New Zealand
Firm:
Buddle Findlay