RITANZ welcomes passing of Insolvency Practitioners Bill – Scoop.co.nz

The Restructuring Insolvency and Turnaround Association of
New Zealand (RITANZ) has welcomed news that the Insolvency
Practitioners Bill has passed into law on Wednesday, almost
a decade after it was first introduced into Parliament.

The Insolvency Practitioners Regulation Bill and the
Insolvency Practitioners Regulation (Amendments) Bill are
designed to promote better outcomes under the corporate
insolvency system introducing tighter regulations and
standards to ensure practitioners act in the best interests
of creditors.

The laws will see the implementation
of a robust new licensing system for insolvency
practitioners, provid…

Read the full article at: http://www.scoop.co.nz/stories/PO1906/S00166/ritanz-welcomes-passing-of-insolvency-practitioners-bill.htm

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