Venue - Russell McVeagh, Vero Centre, Level 30, 48 Shortland Street,
Date/time: 10 Aug 2022, 4:30pm - 6:30pm
Matt Kersey and Alex MacDuff (Russell McVeagh) and Laura Johns (Norton Rose Fulbright, Sydney) will compare NZ restructuring procedures with recent developments in restructuring procedures in Australia and UK. The UK has implemented a court supervised debtor in possession model with cross-class cramdown and cram-up with its recent Restructuring Plan and a standalone moratorium. Australia has introduced a new procedure for SME restructuring and liquidations and is exploring the improvement of schemes of arrangement to better support businesses. What can we learn from these developments and how might they assist improving outcomes and preserving enterprise value?