Presentation
no longer available
2
CPD
What are the practical implications for directors to consider as they enter the Twilight Zone of insolvency and potentially face personal liability.
Insolvency statistics have been at record lows for the past three years and most businesses have survived the bumps in the road recently with support from the Government, banks and IRD (not to mention increased demand from customers for goods and services). But, in some cases, the virtual economic can that was kicked down the road is starting to be seen again. Interest rates, inflation, supply chain and labour shortages are building pressure on businesses. Confidence is also under pressure as well as house prices. How should directors respond to these changes and what duties do you have to shareholders and creditors when companies get into cash flow difficulty - or enter the twilight zone, where survival is uncertain?
In his presentation, turnaround and insolvency expert John Fisk will traverse a range of practical solutions from his experience working with directors and the impact of recent legal decisions. He will address working capital issues, seeking advice, communication with stakeholders and the practical implications for directors to consider when they enter the 'twilight' zone of insolvency and potentially face personal liability.
Thank you to our event host ASB.
John Fisk is on the board, and is the immediate past-Chair, of the Restructuring Insolvency and Turnaround Association of New Zealand (RITANZ). RITANZ is a member of Insol International, a worldwide federation of national associations of accountants and lawyers who specialise in turnaround and insolvency. John was appointed by the government to be a member of the Corporate Insolvency Working Group in 2015, making a range of recommendations to improve our insolvency laws and leading to the regulation of Insolvency Practitioners. In 2020 he was also instrumental in assisting MBIE with new legislation to assist directors and businesses facing viability issues because of Covid-19. He is a partner at PwC in Auckland and provides advice to directors as well as managing a wide range of formal insolvency matters, including the recent Voluntary Administration of Ruapehu Alpine Lifts Limited.
By registering for this event you are confirming that you agree to adhere to our Covid-19 health and safety measures. If you are unwell or have any Covid-19 symptoms please do not attend this event.
Regrettably, registration fees cannot be refunded when cancellations are received within two working days prior to any branch event.
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Jacinda Rapley
Wellington Branch Executive
+64 21 545 013
+64 4 474 7651
jacinda.rapley@iod.org.nz
The Wellington branch acknowledges the generous support of
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The East Coast region also thank
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The Manawatu region also thank
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