The issues/areas covered will include:

• Business distress and informal responses
• Formal insolvency procedures for companies and the differences between them
• Creditor ordering and priority rules
• Competing security interests
• Law changes arising from COVID-19
• Recent case law

Upon satisfactory completion of this activity you will be able to:

• Recognise red flags and signs of business distress
• Understand the key differences between formal insolvency processes for companies (liquidations, receivership, voluntary administration)
• Be familiar with the rules affecting creditor priorities in an insolvency
• Understand recent legislative changes and case law affecting insolvent companies and their directors

Total CPD Hours: 1.25 (1 hour + 15 min Q&A)

Suited to: Intermediate and senior level accountants in public practice; commercial managers.

PRESENTERS

Duncan Fea, Managing Partner, Findex

Duncan is a Fellow Chartered Accountant and Accredited Insolvency Practitioner. He is Findex New Zealand’s Lead Partner on corporate restructuring and insolvency appointments including investigating accountant assignments and has handled restructuring in the tourism, manufacturing, property, aquaculture, viticulture, agriculture, hospitality and aviation sectors.

Sarah Allely, Senior Manager, Findex

Sarah is a Senior Manager with Findex, based in Queenstown. Sarah has experience with corporate regulatory and governance matters. She works with lenders and other stakeholders on investigating accountant reports and independent business reviews. She has managed numerous insolvent liquidations and receiverships. She has also worked with regulators on complex financial investigations, providing litigation support and preparing evidence for High Court proceedings.