After over eight years in the making, the amendments to the Companies Act to introduce voluntary administration were finally passed in November last year.
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Article posted by Murray Tingey, Partner | Related topics: Insolvency
The Court of Appeal has upheld a High Court order that a company director should pay over NZ$8.4 million to the company's liquidators, upholding the largest award ever made against a director for reckless trading.
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Related topics: Capital Markets and Securities, Corporate / Commercial, Insolvency, Litigation