Data obtained under Official Information Act shows prosecutions related to phoenix activity are rare, with an average of less than three prosecutions annually over the past five years.
Phoenix company prosecutions appear to be scratching the surface of total offending in New Zealand, data released to NBR under the Official Information Act shows.
But insolvency lawyers believe the ongoing review of the Companies Act will introduce new legislation that will make it easier to clamp
Want to read more? It's easy.
Choose your best value subscription option
Student
Exclusive FREE offer for uni students studying at a New Zealand university (valued at $499).
