Laid-off Supie staff were paid by an anonymous donor – but many employees never get what they’re owed when a company fails. New Zealand should follow overseas examples to better protect workers.
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Articles on Voluntary Administration
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The new rules will allow insolvent small businesses to keep trading rather than go straight into administration.
For Ten to be a viable business it needs to make hard decisions to cut costs and reach more viewers.
Ten Network has been placed in voluntary administration, after major shareholders refused to guarantee another loan.
The outlook is not good for those who may lose their jobs as a result of mining company Arrium going into voluntary administration, according to the latest OECD report.
Voluntary administration was considered a state-of-the-art rescue procedure for struggling companies in 1993. But is is time for another wide-ranging review of our insolvency laws?
“Kodachrome, it gives the nice bright colours, it gives the dreams of summer, it makes you think all the world’s a sunny day.” (Paul Simon, Kodachrome, 1973, from ‘There Goes Rhymin Simon.) Eighteen months…
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Co-Director, Bankruptcy and Insolvency Scholarship Unit, University of Adelaide
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Associate Professor, UNSW Sydney
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Senior lecturer in Screen Media, Victoria University
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Professor, Accounting Discipline Group, University of Technology Sydney
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Reader, Australian Catholic University
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Associate professor in Commercial Law, School of Accounting and Commercial Law, Te Herenga Waka — Victoria University of Wellington
