Clampdown on longstanding exemption for charities
Clampdown on longstanding exemption for charities
04 February 2014 | By  Andrew Wallace
For most not-for-profits (NFPs), fundraising is a significant challenge. The Financial Markets Authority (FMA) has recently undertaken consultation on certain long-standing exemptions from our securities laws in the area and last month put its proposals into effect with the issuance of two new exemption notices...
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Directors, D&O Cover and Defence Costs – The Supreme Court’s Final Word
Directors, D&O Cover and Defence Costs – The Supreme Court’s Final Word
30 January 2014 | By  Karl Stolberger  | Stephanie Nicolson
In June last year we commented on on-going litigation between the Receivers of various Bridgecorp companies and their directors in relation to a $20 million D&O insurance policy. At issue was the Receivers’ ability to assert a charge over the proceeds of the policy in favour of Bridgecorp’s investor creditors...
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Lowdown - Summer 2013
Lowdown - Summer 2013
18 December 2013 | By  Lowndes Jordan
Welcome to the 2013 Summer edition of Lowdown. This edition covers critical Law Changes in force as well as ...
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Updated: Harmful Digital Communications Bill
Updated: Harmful Digital Communications Bill
12 December 2013 | By  Rick Shera
The Harmful Digital Communications Bill would set up an Approved Agency to try, by “negotiation, mediation and persuasion” to deal with harmful material which is posted online..
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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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Domain name developments
Domain name developments
08 December 2013 | By  Rick Shera
New international domain names. We have mentioned before the introduction of a vast range of new international domain names or gTLDs as they are called...
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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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Major financial reporting reforms passed
Major financial reporting reforms passed
04 December 2013 | By  Andrew Wallace
Late last week Parliament passed the Financial Reporting Bill – part of the government’s Business Growth Agenda to improve capital markets and reduce compliance costs. The Bill changes the financial reporting obligations of most New Zealand companies, and overall presents a more principled approach to the issue, basing the rules on three things: public accountability, economic significance, and the separation of owners and management...
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UAS, UAV, RPA , Drone – Call it what you will
UAS, UAV, RPA , Drone – Call it what you will
11 November 2013 | By  Karl Stolberger
Unmanned aircraft systems, unmanned aerial vehicles, remotely piloted aircraft, drones, call them what you will, whether it be a Global Hawk with a wingspan greater than a 737 or a small hexacopter bought over the internet, UAS are changing our lives...
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Maritime Operators Safety System Rules Signed Off
Maritime Operators Safety System Rules Signed Off
17 October 2013 | By  Karl Stolberger
On 3 October 2013 Minister of Transport Gerry Brownlee signed Maritime Rules which will implement the new Maritime Operator Safety System (MOSS) in place of the existing Safe Ship Management (SSM) scheme...
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Disclosure exclusions a boost to employee share offers
Disclosure exclusions a boost to employee share offers
16 October 2013 | By  Andrew Wallace
The overhaul of the laws that govern New Zealand’s financial markets took another big step recently with the passing into law of the Financial Markets Conduct Act...
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