Introduction
New Zealand liquidators have had their powers recognised in Australia in a series of recent ground-breaking judgments.
These decisions in respect of Northern Crest Investments Limited, a New Zealand registered company listed on the ASX, demonstrate the broad powers which the courts are willing to provide to foreign representatives under the Cross-Border Insolvency Act 2008 (Cth) (the CBIA).
Obtaining powers of Australian liquidators
Australia, New Zealand, Capital Markets, Insolvency & Restructuring, Litigation, Norton Rose Fulbright, Liability (financial accounting), Witness, Liquidator (law), Australian Securities Exchange, Corporations Act 2001 (Australia), Federal Court of Australia