Leighton Associates

Employment law, insolvency and AML research and reporting
Te Rangahau ture Mahi me te tari Purongo
Demystifying employment law since 2019
 

A question I get a lot, usually from a creditor who already suspects the answer: "If the liquidator is paid first, how does anyone else get paid?" It's a fair question, and the honest answer concedes part of it. The liquidator is paid first. The costs of the liquidation come off the top. But paid first is a long way from paid everything. Creditors don't go unpaid because of the fee. They go unpaid because the company has failed owing more than it can pay. The fee pays fo

With company liquidations at a 15-year high, Leighton Associates expanded its scope of research to include insolvency law from the start of 2026. Contributions of several talented guest bloggers from the insolvency profession are in the links below: IRD debt approval is easy, but what does it cost? – Peter Drennan Ten years of basic insolvency stats – Keaton Pronk How do liquidators get paid when there is no money left in the company? – Joshua Pietras What happens to fines w

Nine years. That's how long Lex Greensill has agreed to be banned from running a UK company. The Insolvency Service announced it on 4 June. The ban takes effect on 23 June 2026 and runs to 2035. Greensill Capital collapsed in 2021 owing more than £1.6 billion. The consequences have finally landed on the man whose name was on the door. The basis of the ban is not fraud - it's a breach of the director's duty under section 174 of the Companies Act - to exercise reasonable care

(UPDATED) Stuff beat us to this story, but we prefer to seek comment from both parties. He moved to Invercargill for the job. Now he must pay back $21,000 | Stuff (7 June 2026) By the way, that’s queen consort of France Marie Antoinette in the image inset. When told the peasants had no bread because of a famine, she was believed to have said “Qu’ils mangent de la Brioche” (Let them eat cake) which didn’t go down well and may have led to the 1789 French Revolution. We'll ex

The Employment Relations Authority has ordered a lawn mowing service company called 7 Solutions Ltd to pay its former employee, Gurdeep Singh (GS) $44,750, plus a $8,000 penalty against its director, as reimbursement of an unlawful premium. The Authority also ordered 7 Solutions Ltd to pay a $16,000 penalty to the Crown. LABOUR INSPECTOR v 7 SOLUTIONS LIMITED and Anor | Employment Relations Authority What the Authority assessed as being an unlawful premium was made up of five

We haven’t engaged with Sydney-based independent journalist Michael West for a few years. When we did, it was about the legal stoush between Clubs NSW and its former AML compliance officer Troy Stolz. That story came to a conclusion of sorts with the dismissal of whistleblower retaliator CEO Josh Landis, by the Board of ClubsNSW. Days later, ClubsNSW and Stolz reached a settlement. Like the Stolz matter, another legal matter involving Simon Turner, a coal miner who was ser