Book Description

Papers from a New Zealand Law Society seminar held in Wellington in July - August 1987. Contents: 1. Introduction - Causes of insolvency - Corporate insolvency law - Creditors schemes of arrangement 2. Receiverships - Appointment of receivers - Demands under debentures - Receivers obligations and relationships 3. Liability of officers of companies which have been wound up - Section 319 Companies Act 1955 - Section 320 Companies Act 1955 - Section 321 Companies Act 1955 - Section 364 Companies Act 1955 - General considerations 4. Update on insolvency law - Test of insolvency - Preferential creditors - Set-offs - Voidable preferences - Voidable securities 5. Schemes of arrangement - Types of scheme - Analysis of section 205 Companies Act 1955 - Role of the court when considering applications under section 205 - The explanatory statement required by section 206 Companies Act 1955 - Involvement of third parties in schemes - Practical considerations - Structure of scheme - Procedure and requirements for obtaining court orders under section 205 - The scheme manager - Powers of duties and liabilities - Liquidation and schemes of arrangement.