Is unfair risk allocation really to blame?
The purpose of this article is to test whether the current state of the industry has primarily resulted from a collective failure to fairly allocate risk, or whether other factors are also culpable to a greater or lesser degree.
New conduct regime for banks, insurers and NBDTs announced
On 25 September the Government announced wide-ranging legislative reforms to govern the conduct of financial institutions.
Further reform announced on unfair commercial practices and contract terms
The Ministry of Business, Innovation and Employment recently announced its policy decisions regarding changes to the law on unfair commercial practices.
Publication Data protection and real-time bidding technology: Is a crackdown by regulatory authorit
In July the Information Commissioner's Office released its report into real-time bidding and ad technologies.
Comprehensive overhaul of the RMA announced
The Government announced on 24 July that it has launched a comprehensive overhaul of the Resource Management Act (RMA) by setting up a review panel to conduct a wide-ranging review of the entire resource management system.
Privacy Bill faces clear path to law after second reading
A bill to modernise New Zealand’s privacy laws has finally concluded a protracted second reading and is now all but sure to be voted through to the final stage and pass into law without any major hurdles.
Financial market infrastructures law one step closer to reality
On 1 August the Reserve Bank of New Zealand released an exposure draft of the Financial Market Infrastructures Bill.
Derivatives Margin Bill is passed
The Financial Markets (Derivatives Margin and Benchmarking) Reform Amendment Bill has proceeded through its remaining stages and received its third reading on 27 August.
The meaning and contestability of fair risk allocation in commercial contracting
This article focuses on fair risk allocation in the New Zealand construction industry.
Report sets out 10-year vision for New Zealand’s capital markets
Yesterday the steering committee of Capital Markets 2029 released its final report. The review had been initiated earlier this year by NZX and the Financial Markets Authority – with the objective of delivering a ten-year vision and growth agenda for the sector.