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In New Zealand there is a critical window following the service of a winding up (“liquidation”) application on a company...
03/06/2026

In New Zealand there is a critical window following the service of a winding up (“liquidation”) application on a company’s registered office. Practitioners commonly refer to this as the “10 working day rule” a practical and strategic timeframe that can significantly affect a company’s ability to control who is appointed as its liquidator.

This article explains the rule, its legal foundation, and its implications in practice.

11 May 2026 In New Zealand there is a critical window following the service of a winding up (“liquidation”) application on a company’s registered offi...

Over the past 12-18 months, many New Zealand businesses have been navigating what can best be described as a “slow squee...
27/05/2026

Over the past 12-18 months, many New Zealand businesses have been navigating what can best be described as a “slow squeeze.” It hasn’t been a single catastrophic event, but rather a steady accumulation of pressures, these include rising interest rates, increased input costs, tighter consumer spending, and delayed payments.

For professional advisers working closely with clients, the challenge is recognising when normal trading stress crosses the line into genuine insolvency risk and knowing what to do next.

11 May 2026 Over the past 12-18 months, many New Zealand businesses have been navigating what can best be described as a “slow squeeze.” It hasn’t bee...

Monthly Newsletter: Our first article is our regular feature Insolvency by the Numbers covering April 2026. Our second a...
19/05/2026

Monthly Newsletter: Our first article is our regular feature Insolvency by the Numbers covering April 2026. Our second article looks at The “10 Working Day Rule” Following Service of a Winding Up Application and how not to get caught out as a director. The third article covers Storm Signals: When a Tough Trading Environment Turns Into Insolvency Risk and looks at the importance of acting early.

Be sure to sign up for our monthly newsletter on our website to get them direct to your inbox.

Our latest newsletter covers three articles the first is our regular feature Insolvency by the Numbers covering April 2026. It has been another busy month on the stats front.  Our second article looks at The “10 Working Day Rule” Following Service of a Winding Up Application and how not to...

Insolvency Stats: NZ Insolvency stats for April 2026 are now available, check out our link below to see how corporate in...
12/05/2026

Insolvency Stats: NZ Insolvency stats for April 2026 are now available, check out our link below to see how corporate insolvencies have continued to climb while and personal insolvency appointments remain muted.

Be sure to sign up for our monthly newsletter on our website to get them direct to your inbox.

11 May 2026 Winding Up Applications April 2026 NZ Liquidation Winding Up Applications keep the ball rolling on the continued highs of the last 10 year...

From a liquidator’s perspective, non‑registration or defective registration on the Personal Property Securities Register...
06/05/2026

From a liquidator’s perspective, non‑registration or defective registration on the Personal Property Securities Register (“PPSR”) remains one of the most common reasons creditors lose priority and, in many cases, recover nothing in an insolvency.

In most insolvency appointments, one of our early tasks is to determine the priority of competing claims over company assets. That exercise is heavily influenced by PPSR registrations. Where a creditor has failed to register, or cannot support a registration with enforceable documentation, the outcome is often commercially severe and entirely avoidable.

14 April 2026 From a liquidator’s perspective, non‑registration or defective registration on the Personal Property Securities Register (“PPSR”) remain...

Liquidation is commonly misunderstood as something that only happens when a business has failed to pay its creditors. Wh...
29/04/2026

Liquidation is commonly misunderstood as something that only happens when a business has failed to pay its creditors. While creditor pressure is certainly one pathway to liquidation, it is far from the only one.

14 April 2026 Liquidation is commonly misunderstood as something that only happens when a business has failed to pay its creditors. While creditor pre...

Monthly Newsletter: Our first article is our regular feature Insolvency by the Numbers covering March and the first quar...
21/04/2026

Monthly Newsletter: Our first article is our regular feature Insolvency by the Numbers covering March and the first quarter of 2026. Our second article looks at When a Liquidation is Not Creditor Related but rather commenced for other factors. The third article is covers PPSR Registration and What Creditors Learn Too Late in Liquidations a important read for suppliers and their advisors to ensure they are protected in an insolvency event.

Be sure to sign up for our monthly newsletter on our website to get them direct to your inbox.



Our latest newsletter covers three articles the first is our regular feature Insolvency by the Numbers covering March 2026. It has been a busy March on the stats front making it the highest first quarter in 15 years for a lot of the stats compiled.  Our second article looks at When a Liquidatio...

Insolvency Stats: Insolvency stats for March and the first quarter of 2026 are now available, check out our link below t...
14/04/2026

Insolvency Stats: Insolvency stats for March and the first quarter of 2026 are now available, check out our link below to see how corporate insolvencies have continued to climb while and personal insolvency appointments remain muted.

Be sure to sign up for our monthly newsletter on our website to get them direct to your inbox.

1 April 2026 Winding Up Applications There will be a few instances of this saying in this article but for the first quarter of 2026 we have had the h...

For many businesses, receiving a statutory demand from the Inland Revenue Department (IRD) can be an alarming and stress...
08/04/2026

For many businesses, receiving a statutory demand from the Inland Revenue Department (IRD) can be an alarming and stressful experience. It signals that the company has unpaid tax obligations and that the IRD is taking formal steps to recover the debt. If left unaddressed, this can quickly escalate into a winding-up application, resulting in the company’s liquidation. This article outlines what businesses should do when served with a statutory demand by the IRD and how to respond when an instalment proposal is rejected.

For many businesses, receiving a statutory demand from the Inland Revenue Department (IRD) can be an alarming and stressful experience. It signals tha...

Technical Article: In situations where PAYE has been deducted from wages of directors and associated persons but not pai...
01/04/2026

Technical Article: In situations where PAYE has been deducted from wages of directors and associated persons but not paid to Inland Revenue, directors and associated persons of close companies may face unexpected personal tax consequences.

Inland Revenue has the ability under Section LB 1(3) of the Income Tax Act 2007 to reassess an individual’s tax return and limit their PAYE tax credits to the amount actually received by the Commissioner.

Given the number of liquidations we manage where PAYE arrears are present, it is important that directors understand this rule. The article below explains how the section operates and why Inland Revenue may invoke it.

1 March 2026 In situations where PAYE has been deducted from wages but not paid to Inland Revenue, directors and associated persons of close companies...

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