In Search of a Modern Corporate Rescue Regime in New Zealand: Cross-Jurisdictional Perspectives from Australia, the United Kingdom and the United States

Corporate rescue serves as a cornerstone of New Zealand's economic stability, a role intensified by the recent financial turbulence brought on by the COVID-19 pandemic. This article critically examines New Zealand's existing statutory restructuring frameworks, drawing comparisons with the legal landscapes of Australia, the United Kingdom and the United States. It contends that New Zealand's insolvency law has been static for an extended period, resulting in a need for reform. This article advocates for the implementation of a debtor -in -possession rescue model specifically tailored for small businesses within New Zealand's legal framework.