In terms of the new regulation there is a new field that needs to be completed when advising the Company of an insolvency appointment. The field is title “Appointed By”.
There is some confusion amongst members as to what data should be entered into this field.
Read more “A note from Companies Office and IRD for Insolvency Practitioners”
To be eligible for Life Membership a person must have shown outstanding service to RITANZ or to the insolvency profession and meet the general criteria for membership to RITANZ.
To assist members in considering nominations for this role, the Board has considered factors which it will take into account when determining whether a nominee has shown outstanding service to RITANZ or to the insolvency profession.
NZ Herald Money editor, Tamsyn Parker, recently interviewed RITANZ Chairperson John Fisk to get his perspective on the outlook for 2021.
Court applications to wind up companies plummeted in 2020, bucking expectations of widespread business failures. But an insolvency expert says there are still warning signs that some companies are in for a tough time this year.
Wind-up applications dropped nearly 32 per cent from 707 to 481 between 2019 and 2020, figures from the Restructuring Insolvency and Turnaround Association New Zealand show.
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