Changes to Commerce Act 1986 seek to enhance competition
Changes to Commerce Act 1986 seek to enhance competition
05 July 2017 | By  Lowndes Jordan  | Tom Pasley
Changes to Commerce Act 1986 seek to enhance competition
Changes to Commerce Act 1986 seek to enhance competition
05 July 2017 | By  Lowndes Jordan  | Tom Pasley
Limited partnerships become popular
Limited partnerships become popular
20 February 2017 | By  Abbey James
A flexible and convenient option, limited partnerships are an increasingly popular business structure for venture capital and private equity firms looking to enter the New Zealand market.
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When does a director “live in New Zealand”?
When does a director “live in New Zealand”?
20 September 2016 | By  Luke Balmforth
ince 1 May 2015, the Companies Act 1993 has required that at least one director of each New Zealand company “live in New Zealand” or “live in an enforcement country and be a director of a company that is registered … in that enforcement country”
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Parent company liable for debt of subsidiary company in liquidation
Parent company liable for debt of subsidiary company in liquidation
28 September 2015 | By  Luke Balmforth
If you are a director of a company in a corporate group, a recent High Court decision should serve as a timely reminder of the need to preserve each company’s separate legal identity within the group.
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Supreme Court decision on Voidable Transaction Defence
Supreme Court decision on Voidable Transaction Defence
05 March 2015 | By  Karl Stolberger  | Rachael Cederwall
The Supreme Court of New Zealand has recently released a decision giving clarity to the operation of the voidable transaction provisions within the Companies Act 1993.
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FINANCIAL MARKETS OVERHAUL COMPLETE
FINANCIAL MARKETS OVERHAUL COMPLETE
12 February 2015 | By  Andrew Wallace
On 1 December 2014 the second phase of the implementation of the Financial Markets Conduct Act 2013 came into force. The Act has replaced the Securities Act 1978 as well as several other pieces of legislation and, in doing so, has completely overhauled New Zealand’s capital markets and financial services law.
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The devil’s in the details: validity of financing statements
The devil’s in the details: validity of financing statements
11 December 2013 | By  Rachael Cederwall  | 
In a recent decision, Polymers International Ltd v Toon [2013] NZHC 1897, the High Court held that, when registering a financing statement against a debtor company on the Personal Property Securities Register, the omission of the company number from the financing statement was seriously misleading...
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New Zealand Business Numbers
New Zealand Business Numbers
10 December 2013 | By  Valerie Rey
All companies currently registered in New Zealand have now been assigned a New Zealand Business Number (NZBN)...
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Director residency requirement a matter of months away now
Director residency requirement a matter of months away now
04 December 2013 | By  Andrew Wallace
Last week the Financial Action Task Force removed New Zealand from its regular follow-up assessment list, citing the recent strengthening in our anti-money laundering and terrorist financing laws..
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Three fundamentals for a successful joint venture
Three fundamentals for a successful joint venture
09 June 2013 | By  Andrew Wallace
So you’ve been looking at doing a joint venture with a business partner you know you can trust. You’ve done your due diligence and have got clear goals for what you want to get out of it. Now what? Well, whatever the legal structure you ultimately settle on (which will also involve tax and accounting considerations), there are three key areas you need to nail down. Without doing so, the venture is almost certainly destined to become a very costly headache...
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Another busy year ahead for business law reform
Another busy year ahead for business law reform
20 January 2013 | By  Andrew Wallace
The year ahead is shaping up as another busy one for law reform, with much of the work being done on New Zealand’s corporate and securities laws. It’s important for companies, and their directors and investors to keep on top of what’s around the corner, since the reforms will bring about major changes. A few of the key areas of reform either coming into force or being developed further this year are...
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Law Commission signals shakeup for corporate trustees
Law Commission signals shakeup for corporate trustees
09 December 2012 | By  Andrew Wallace
A couple of years ago the Law Commission kicked off a comprehensive review of the law of trusts in New Zealand. The Commission has recently released a paper explaining its preferred approach to deal with the issues that it’s looked into to date, including the rules around how trusts are created, and trustees’ powers and duties. One particular set of proposals worth focussing on is those in store for corporates that act as trustees...
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Red tape is not always a bad thing
Red tape is not always a bad thing
12 August 2012 | By  Andrew Wallace
The rules for registering companies and limited partnerships in New Zealand are finally about to get tougher. The Companies and Limited Partnerships Amendment Bill, which proposes to strengthen the rules that apply to the registration of companies and limited partnerships, has just passed its first reading in Parliament...
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