COVID-19: corporate insolvency law changes | Practical Law

COVID-19: corporate insolvency law changes | Practical Law

This note provides an overview of the changes to corporate insolvency law made by the COVID-19 Response (Further Management Measures) Legislation Act 2020 to support businesses during the 2019 novel coronavirus disease (COVID-19) outbreak. It covers the temporary "safe harbour" from sections 135 and 136 of the Companies Act 1993 for company directors, the temporary business debt hibernation regime (BDH), changes to the voidable transactions regime and the delayed implementation of the insolvency practitioner licensing regime.

COVID-19: corporate insolvency law changes

Practical Law ANZ Practice Note w-025-8658 (Approx. 12 pages)

COVID-19: corporate insolvency law changes

by Michael Arthur and Michael Harper, Partners and Janko Marcetic, Senior Associate, Chapman Tripp with Practical Law New Zealand
Law stated as at 14 Dec 2022 • New Zealand
This note provides an overview of the changes to corporate insolvency law made by the COVID-19 Response (Further Management Measures) Legislation Act 2020 to support businesses during the 2019 novel coronavirus disease (COVID-19) outbreak. It covers the temporary "safe harbour" from sections 135 and 136 of the Companies Act 1993 for company directors, the temporary business debt hibernation regime (BDH), changes to the voidable transactions regime and the delayed implementation of the insolvency practitioner licensing regime.