Wynn Williams provides advice to significant national clients in this field. Our firm has litigated insolvency cases at the highest levels, including the Privy Council.
The Firm is experienced in all areas of insolvency and restructuring law. We act for creditors, debtors and insolvency practitioners.
Our Dispute Resolution team and Corporate and Commercial teams advise businesses and advisors confronting solvency concerns and cash-flow issues. We advise directors on how to ensure compliance with their directors’ duties; creditors on how best to secure their position when dealing with entities of questionable solvency; and insolvency professionals on the management of debt recovery processes. We also advise businesses on how best to reach compromises with their creditors.
The team advises on debt-recovery from relatively small debts to multi-million-dollar claims. Recent work includes acting for a number of high-net-worth individuals seeking to recover funds that had been invested with New Zealand-based financial institutions and advising receivers on the sale of business on behalf of secured bank creditors.
The team regularly advises on all aspects of the liquidation process, including:
- Statutory demands (including both bringing and defending applications to set aside statutory demands);
- Bringing and defending liquidation applications;
- Bringing applications to put companies into interim liquidation; and
- Various ancillary matters such as applications to continue proceedings against a company in liquidation).
We have advised liquidators and receivers on asset realization. For example, we recently advised the liquidators of an insolvent trustee company on the appropriate steps to sell trust assets to pay that company’s liabilities (see Gibson v Norris  NZHC 1348
and PR Law Queenstown No 1 Ltd v Norris  NZHC 1522
The team is experienced in bringing recovery action against the directors of failed companies. Recent work in this area includes:
Relatedly, we have expertise in the growing field of litigation funding, including acting for the funded liquidators in a high-profile and novel application for the disclosure of a litigation funder’s identity (see Court orders Stonewood liquidators to reveal real funder
and Cain v Mettrick  NZHC 802
The Restructuring and Insolvency team is recognised and recommended for its expertise by the Doyle's Guide legal directory.
Cases of particular interest: