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. Read More →
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.
Read More →
Health & Safety - Directors and Managers Beware
Health & Safety - Directors and Managers Beware
22 July 2014 | By  Ben Morrison  | 
The Health and Safety Reform Bill 2014 (Bill) will place significant obligations on company directors and managers to manage risks and keep workers safe. Such obligations are to be backed with high fines and even prison for individuals who fail to comply.
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Director Given Community Service and Fined for Unsafe Vessel
Director Given Community Service and Fined for Unsafe Vessel
03 June 2014 | By  Karl Stolberger
In a post script to our earlier case note on the “Easy Rider” fishing boat prosecution, penalties have now been imposed on vessel owner AZ1 Enterprises Ltd, and on the company’s director, both of whom were convicted for breaches of the Maritime Transport Act and the Health & Safety in Employment Act.
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The Chain of Responsibility
The Chain of Responsibility
28 May 2014 | By  Barbara Versfelt
In 2005, the so called "chain of responsibility” (CoR) offences were introduced in Part 6C of the Land Transport Act 1998 (LTA) and in 2011 the Court was given the power to issue a search warrant to constables investigating such offences.
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Director’s Personal Liability for Unsafe Vessel Ops
Director’s Personal Liability for Unsafe Vessel Ops
03 April 2014 | By  Karl Stolberger
Maritime New Zealand v AZ1 Enterprises Ltd and G.M. Davis –Karetai [2014] NZDC We note this case principally as a reminder that those sitting back in the office are not immune from prosecution and can’t, as it were, hide behind the corporate shield where vessels are known to be carrying out unsafe operations...
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Deemed director liability and the way to minimise your risk
Deemed director liability and the way to minimise your risk
25 September 2013 | By  Andrew Wallace
A recent High Court decision is a useful reminder that directors’ duties and potential liabilities don’t only apply to named directors. An awareness of these rules can go a long way to minimise the risk of you or your organisation being exposed to deemed director liability.
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