Description
This presentation is a great opportunity for insolvency practitioners, solicitors, accountants and anyone working professionally in the credit arena to learn about:
- What duties are company directors subject to;
- What are the potential consequences of breaching those duties if a company subsequently goes into a formal insolvency proceeding;
- What a phoenix company is; and
- What options are available to insolvency practitioners in the event a phoenix company is set up.
Mary Crimp is a Partner at Harmans Lawyers and Lynda Smart is Director at Rodgers Reidy. Both specialise in Insolvency and work extensively advising on and investigating issues relating to the liabilities of directors for breaches of their duties as well as recovery options when “phoenix companies” are created.
Lynda joined Rodgers Reidy in 2014. Prior to this she worked for a leading Chartered Accountancy practice in Christchurch undertaking forensic accounting work and acting as a named liquidator and receiver of a wide variety of companies. Lynda has approximately 20 years experience in insolvency, forensic accounting and investigation work gained in both New Zealand and the United Kingdom. She has accepted insolvency and forensic accounting appointments from banks,the Court and several Government departments. In addition, Lynda has also worked with many directors and shareholders of distressed companies.
Mary specialises in civil and commercial litigation, insolvency and debt recovery, insurance, estate and employment disputes. She is particularly interested in the fields of insolvency and commercial litigation and regularly acts for receivers and liquidators, large corporate and finance clients.
