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Insolvency Stories - Page 2

Kiwi Stories

Insolvency stories

New Zealand AI tool launched to expose risks in building sector
Email Security

New Zealand AI tool launched to expose risks in building sector

A New Zealand AI tool, CheckMyBuilder, helps homeowners and businesses spot risks with builders for NZD $49, using public records to flag issues before contracts.

By Jed Nykolle Harme • 4 min read • Fri, 10th Oct 2025
State of the Nation
Manufacturing

State of the Nation

Business failures in New Zealand have steadied at elevated levels, with construction, services and retail still driving insolvency pressure.

By Staff Writer • 3 min read • Wed, 17th Sep 2025
Safeguards for subcontractor funds
Law

Safeguards for subcontractor funds

Subcontractors in New Zealand could recover more than NZD $2.1 million after a High Court ruling said retention funds must be ringfenced in trust.

By Staff Writer • 4 min read • Wed, 17th Sep 2025
Clarification sought on 'salvage rights'
Court Case

Clarification sought on 'salvage rights'

About 200 subcontractors could recover unpaid invoices if the High Court rules retention funds were held on trust, not for liquidator fees.

By Staff Writer • 4 min read • Wed, 14th May 2025
Heed the heed warning signs
Manufacturing

Heed the heed warning signs

New Zealand firms are feeling the strain as insolvencies jumped 31% in the first quarter, with construction failures up 44%.

By Staff Writer • 3 min read • Wed, 7th May 2025
Lawyer reflects on Mainzeal’s demise
Risk & Compliance

Lawyer reflects on Mainzeal’s demise

The collapse left unsecured creditors facing a NZD $110 million shortfall and sparked a Supreme Court ruling that reshaped directors’ liability.

By Michael Curreen • 6 min read • Wed, 26th Mar 2025
Construction firms itching to work after Budget 2024
Local Government

Construction firms itching to work after Budget 2024

Civil contractors warn the slow pipeline could force more job cuts unless immediate work is brought forward to keep firms afloat.

By Staff Writer • 4 min read • Sun, 2nd Jun 2024

Global Stories

Insolvency stories

Third-party risk: A growing threat in today's interconnected world
Unified Communications

Third-party risk: A growing threat in today's interconnected world

An intricate web of third-party collaborations elevates innovation and efficiency in business but also significantly increases risk factors such as data breaches and financial instability.

By Oshadha Ranaweera • 4 min read • Mon, 29th Apr 2024
GoCardless & Intuit QuickBooks target late payments for Aussie SMBs
Payment Technologies

GoCardless & Intuit QuickBooks target late payments for Aussie SMBs

GoCardless and Intuit QuickBooks launch an integration for Australian SMBs to enable automatic collection and reconciliation of payments.

By Shannon Williams • 3 min read • Thu, 25th Apr 2024
Kevin O'Neill joins Aryza Group as new Chief Revenue Officer
Risk & Compliance

Kevin O'Neill joins Aryza Group as new Chief Revenue Officer

Kevin O'Neill, with over twenty years of business development experience, now heads revenue growth at the financial software solutions company, Aryza Group.

By Imee Dequito • 3 min read • Thu, 11th Apr 2024
Aryza Group launches Aryza Decide for improved credit risk management
Financial institutions

Aryza Group launches Aryza Decide for improved credit risk management

Aryza Group unveils dynamic, standalone system, Aryza Decide, geared to revolutionise credit risk management in the lending industry and encouraging operational efficiency.

By Kaleah Salmon • 3 min read • Wed, 20th Mar 2024

Stories from Other Regions

Insolvency stories

Australian insolvency rates predicted to increase in 2025
Utilities

Australian insolvency rates predicted to increase in 2025

A surge in insolvency risks is predicted for Australian firms in 2025, with failure rates rising 6% in late 2024 amid renewed financial pressures.

By Shannon Williams • 3 min read • Thu, 6th Mar 2025
Australia's Cybersecurity Act races against augmented hacker revolution
Firewalls

Australia's Cybersecurity Act races against augmented hacker revolution

As cyberattacks rise, Australia's new Cybersecurity Act mandates timely reporting of ransomware payments, urging businesses to bolster their defences.

By Julian Fay • 4 min read • Mon, 16th Dec 2024
Rising tech insolvencies in Australia: How businesses are using software Escrow to shield from vendor risks
Hyperscale

Rising tech insolvencies in Australia: How businesses are using software Escrow to shield from vendor risks

Australia faces a surge in corporate insolvencies, with tech firms like Plutora racking up debts of AUD $37.3 million as businesses turn to software escrow for protection.

By Evan Lever • 5 min read • Thu, 24th Oct 2024
AI is ubiquitous, even in 'traditional' sectors and businesses
Data Analytics

AI is ubiquitous, even in 'traditional' sectors and businesses

AI is transforming hospitality with 85% of Australia's venues using it for data analytics, inventory management, and personalised marketing to boost revenue and efficiency.

By Paul Hadida • 5 min read • Mon, 30th Sep 2024
Renowned insolvency expert Michael Makridakis joins Taylor David
Liquidation

Renowned insolvency expert Michael Makridakis joins Taylor David

Michael Makridakis has joined Taylor David as a Partner, bringing over 20 years' experience in multi-jurisdictional insolvency to the renowned law firm.

By Imee Dequito • 3 min read • Mon, 16th Sep 2024
Unification over best-in breed: Why is an integrated tech stack key to business growth?
Unified Communications

Unification over best-in breed: Why is an integrated tech stack key to business growth?

Australian small and medium businesses are turning to integrated tech stacks to streamline operations, enhance collaboration, and drive growth amid economic volatility.

By Vijay Sundaram • 4 min read • Wed, 24th Jul 2024