Bill passed in Parliament to revamp and make permanent Simplified Insolvency Programme to support financially distressed companies: Allen & Gledhill

16 January 2025 On 7 January 2025, the Insolvency, Restructuring and Dissolution (Amendment) Bill (“Bill”) was passed in Parliament to revamp the Simplified Insolvency Programme (“SIP”) and to make it a permanent feature of the Insolvency, Restructuring and Dissolution Act 2018 (“IRDA”). The revamped SIP under…

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Iconic Kiwi pie company goes into liquidation

Iconic Maketū Pies has gone into solvent liquidation. Photo: NZME Maketū Pies has gone into voluntary liquidation after five years of losses. Its owner, Te Arawa Management Ltd, bought the national pie supplier in 2019 during a receivership process but says it has operated at a loss since. It was, at the time, the town’s…

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