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- Establishing A Business Entity In New Zealand (Updated)
TYPES OF BUSINESS ENTITIES - There are various entities available in New Zealand from which a business can be operated. The most commonly adopted entities are: 1. Company (including Incorporated Joint Venture (JVC)) 2. Partnership 3. Limited Partnership (LP) 4. Unincorporated Joint Venture (JV) 5. Trading Trust Each has its advantages and disadvantages, and each pose different obligations and requirements, both from a regulatory perspective and an internal perspective. Please see full Chapter below for more information.
- New body corporate laws one step closer
New body corporate laws are another step closer with the Finance and Expenditure Select Committee having now heard submissions on the Unit Titles (Strengthening Body Corporate Governance and Other Matters) Amendment Bill.
- Jabs, bubbles and burst of changes… Are your employment contracts up to date?
Changes to New Zealand Employment Law are coming thick and fast since the pandemic landed within our borders. Now is a great time to familiarise yourself and get ahead of the changes ensuring your employment agreements are up-to-date so that your organisation can continue to sail smoothly.
- New Zealand Government Introduces World-First Climate-Reporting Disclosure Laws
On April 12, 2021, the New Zealand government introduced an omnibus bill into parliament, aiming to introduce mandatory requirements for businesses in the financial sector to disclose the impacts of climate change on themselves and develop strategies to manage climate change risks and opportunities. The Financial Sector (Climate-related Disclosures and Other Matters) Amendment Bill 2021 (Climate Bill) is touted by the New Zealand government as a "world first" piece of legislation.
- Call for changes to the way we vote. But will the lawmakers listen?
After every general election, the Electoral Commission (Commission) issues a report on how the election went and what, if any, improvements can be made. In the report just published on last year’s general election there is good news and a clear signal some significant changes should be made.
- Can an interest in a discretionary trust ever be a proprietary interest?
Kea Investments Limited v Watson  JRC 009 - In recent years there have been increasing challenges in foreign courts to the use of corporate and trust structures to hold private wealth. As far as public opinion and news agencies are concerned trusts are utilised for tax avoidance — if not tax evasion — and the avoidance of legitimate claims from the likes of creditors and estranged spouses.
- Is there such a thing as a moral budget?
As the country stands at that crossroads, today’s budget doesn’t give an entirely clear direction as to which way we’re travelling. Blame Finance Minister Grant Robertson’s instincts. Robertson is a refreshingly emotional politician, unafraid to show his heartfelt empathy for anyone facing tough times. But he is also coolly pragmatic. As fast as he wants to go, he has no appetite for scaring middle voters back to National which means he’s keeping his foot only lightly on the pedal. Please see full Publication below for more information.
- How did the cyber-criminals get away? They ransomware
What do brewery giants, infrastructure conglomerates, hospitals, and the city of Tulsa have in common? Each have recently been the victim of a ransomware. And they’re just a few of a strew of recent ransomware-based attacks around the world, including in Aotearoa.
- The 21st Century’s “Chernobyl moment” - Panel finds crucial failures in WHO and worldwide response to COVID-19
The Helen Clark-led COVID-19 panel of experts has found there were crucial shortcomings in the world’s response to the deadly pandemic, which has now claimed over 3.3 million lives.
- Financial Law Insight - A spoonful of sugar to help the CoFI go down
Last month MBIE released two Consultation Papers relating to the Financial Markets (Conduct of Institutions) Amendment Bill – or as it’s known, the CoFI regime.
- News from Abroad: New Zealand's New Patents Act
After a protracted gestation period, the New Zealand's Patents Act 2013 will take full effect on 13 September 2014. The new Act represents the first major refresh of New Zealand's patent legislation in 60 years, and brings New Zealand patent law into line with most other countries around the world....
- Guide To Doing Business in New Zealand: Trade Practices & Consumer Protection (Updated)
TRADE PRACTICES AND CONSUMER PROTECTION - New Zealand has extensive laws dealing with trade practices and consumer protection matters. TRADE PRACTICES - Competitive business activity in New Zealand is principally regulated by the Commerce Act 1986. The purpose of the Act is to...
- Establishing A Business Entity In New Zealand
TYPES OF BUSINESS ENTITIES - There are various entities available in New Zealand from which a business can be operated. The most commonly adopted entities are: 1. Company (including Incorporated Joint Venture (JVC)) 2. Partnership 3. Limited Partnership (LP) 4. Unincorporated Joint Venture ...
- NZ Government Announcements affecting Landlords and Tenants in the COVID-19 environment
New Zealand has reached the end of the third week of a 4 week mandatory lockdown period where all non-essential businesses have had to shut their premises. While some businesses have had the capability to generate revenue and operate from home, a lot of businesses around the country have been...
- Whistle-stop consenting for economic reboot - the COVID-19 Recovery (Fast-Track Consenting) Bill
Cabinet has released a paper which provides further detail on the government’s proposal to fast track consenting processes for various projects to provide immediate economic stimulus....
- Fear of the unknown, fear of missing out: what's ahead for M&A
When the pandemic broke, hand brakes were swiftly pulled, and just like that, the record-breaking bull run of M&A activity was over. It's a very different landscape now credit has become tighter and investors have become more measured. Conventional notions of deal certainty and risk are being...
- Rent defaults where there is a rent bond
In the latest issue of The Property Lawyer, Partner Michelle Hill and Senior Associate Amy Johns, look at one of the first commercial lease cases since COVID-19 in which the High Court looks at the question of whether a landlord must exhaust a rent bond before pursuing the tenant for arrears. Ple...
- Understanding the duties owed by directors under the Companies Act 1993 and how to initiate litigation
This article discusses the personal liability of directors by reason of a breach of director duty under the Companies Act 1993 (Act), and explains how shareholders and creditors can pursue a breach of director duty claim against a director personally....
- Can an interest in a discretionary trust ever be a proprietary interest?
Kea Investments Limited v Watson  JRC 009 - In recent years there have been increasing challenges in foreign courts to the use of corporate and trust structures to hold private wealth. As far as public opinion and news agencies are concerned trusts are utilised for tax avoidance — if not tax ...
- Guide To Doing Business in New Zealand: Introduction
THE COUNTRY - New Zealand is an island nation in the South Pacific with a population of approximately four million five hundred thousand people from a diverse range of ethnic backgrounds. A significant majority of the population lives in urban areas with almost one-third living in the...