The Corporate Insolvency Law course will focus on the law relating to liquidations, receiverships and voluntary administrations in New Zealand. The first part of the course will examine the history behind and the fundamental principles driving modern corporate insolvency law. The second part of the course will consider the New Zealand law relating to liquidations, including the grounds upon which a company can be put into liquidation; how the company, creditors and other parties can challenge attempts to liquidate the company; the impact that liquidation has upon the company, its board, its shareholders and relevant third parties, particularly secured creditors; and the powers and duties of the liquidator. In relation to this last issue, the course will focus on the special powers that liquidators have to disclaim onerous contracts and property, to avoid transactions that occur in the run- up to insolvency, priority between secured, preferential and unsecured creditors for distributions, the interplay between the liquidator’s powers and duties with those of receivers appointed by secured creditors, and to seek recoveries for the creditors of the insolvent company for breaches of the Companies Act 1993 (and other causes of action) by commencing proceedings against the directors and related parties. The final part of the course will consider the issue of voluntary administration and creditor compromises, which aim to rehabilitate the company and restore it to a healthy trading position, rather than bringing the company to an end by distributing its assets. Case studies will be used throughout the course to demonstrate the practical application of key principles and issues.