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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
General Business
8 mins to read

Underused voluntary administration needs revamp

Administration used as gateway to liquidation, contrary to regime's aim of saving businesses.

Reweti Kohere Fri, 24 May 2019

High administrative costs and a policy framework ill-suited to New Zealand’s small and medium-sized enterprises is preventing greater use of voluntary administration, a top lawyer says.

Simpson Grierson partner Josh Cairns told the Restructuring Insolvency and Turnaround Association conference

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Reweti Kohere Fri, 24 May 2019
Contact the Writer: reweti@nbr.co.nz
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Underused voluntary administration needs revamp
General Business,
79402
true