Liquidations and voidable transactions – recent and future trends

Two court judgments which could significantly affect New Zealand's insolvent transactions regime are due out soon. When they are released, we will provide a Hothouse seminar on their potential implications for creditors and liquidators (sign up here).

We discuss the cases briefly here and provide an overview of the current liquidation "market" based on information supplied by the Companies Office.

Insolvent Transactions – big changes ahead?

Insolvent transactions are a controversial topic among the business community and insolvency practitioners alike. Few creditors welcome liquidators' attempts to claw back payments received prior to liquidation. Insolvent transactions can affect anyone who provides credit to their customers, where those customers become insolvent. Suppliers of goods and services to SME businesses often are the most affected.