Central Register of Beneficial Owners – new corporate obligations in Poland
Central Register of Beneficial Owners (Centralny Rejestr Beneficjentów Rzeczywistych). Pursuant to Polish Money Laundering and Terrorist Financing Act of 1 March 2018 entities specified in the provisions of the Act, including limited liability companies, will be obliged to submit information on the beneficial owners of such companies to the Central Register of Beneficial Owners. New …
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Immigration Rules designed to keep families together cause families to be separated
Individuals coming to the UK for work or investment purposes, such as Entrepreneurs, Innovators, Investors, Sponsored Workers and Sole Representatives, are usually able to bring family members with them, including a Spouse or Partner and children who are under the age of 18. However, there are specific rules in place which can make it difficult for some families to bring …
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.
Court of Appeal allows opt-out class actions
In a landmark decision for class actions in New Zealand, the Court of Appeal has ruled that a representative action brought by two Christchurch homeowners can proceed on an “opt-out” basis.
New immigration rules: A streamlined process or more red tape?
On 17 September, the Government announced significant changes to temporary work visas which will have a major impact on employers' recruitment processes where they hire migrant workers.