Is relief in sight for offshore futures dealers from NZ client money rules?
Is relief in sight for offshore futures dealers from NZ client money rules? David Craig, Partner | Wednesday 9 March 2016 Background The client money rules in Part 6 of the Financial Markets Conduct Regulations 2014 (the Regulations) are something of an anomaly in New Zealand financial services law. Typically, that law recognises a wholesale/retail …
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Doing Business in New Zealand: a guide
Doing Business in New Zealand: a guide Friday 1 April 2016 In response to demand from overseas investors and their professional advisers for information about investing in and trading with New Zealand, Bell Gully has produced a guide to doing business in New Zealand.
DEVELOPMENTS ON COASTAL INVESTMENTS: New Communiqué on National Estate No. 373
Introduction On October 8th 2016, the General Communiqué on National Estate No. 373 (“Communiqué”) has been published on the Official Gazette. The Communiqué governs principles regarding easement right and/or right of usage to be granted to financers for them to construct marinas, landing stages, piers and berths on state-owned or treasury lands. The Communiqué brings …
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Transparency International Publishes 2016 Corruption Barometer for Europe and Central Asia
Transparency International ("TI") has published its regional Corruption Barometer for Europe and Central Asia ("Report") on 16 November 2016.
Austria: Upcoming ban on speculative financial transactions for public bodies
The Austrian Federal Government agreed in its 2013-2018 work programme, on the implementation of a nationwide ban on speculative financial transactions for the Federation, the Austrian Federal States, Austrian Municipalities, and other public bodies. read more…
Turkey’s request for consultations against Morocco’s anti-dumping measures
I Background In September 2014, following an anti-dumping investigation period, Morocco has imposed an 11 % tax duty against Turkish hot-rolled steel exporters which has created fuss in Turkish hot-rolled steel market and exporters. Upon Morocco's anti-dumping measures on hot-rolled steel, in October 2016, Turkey has filed a "Request for Consultations" against Morocco …
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Resolving Franchising Disputes
The reality: Honeymoon-Rough-Bold Despite all best efforts to maintain the “honeymoon” period, there will come time during the relationship where the franchisee and franchisor may not agree or see things differently; this is the “Rough” period… very likely, such period will evolve to a clear disagreement the “Bold” period which, if not managed properly, it …
The Madia Act On Public Companies: An Overview
It is estimated that there are about 8,000 companies in Italy whose capital is owned by public administrations (State, Regions, Provinces, Municipalities, etc.…). Ultimately, the need for spending review has led the Italian Government to intervene (again) in this sector of the Public Administration, by issuing Legislative Decree No. 175/2016 (“the Decree”), which follows other …
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The EU Capital Market Union – European Commission establishes expert group to develop strategy on su
On 28 October 2016, the European Commission decided to establish a High Level Expert Group on sustainable finance, one of the European Commission's primary objectives within the EU Capital Markets Union ("CMU"). This Legal Insight is the first part of our dedicated newsletter series on the CMU. We will provide regular updates on CMU-related topics.
Slovenia: Do companies have the right to be heard during a dawn raid?
The Slovenian courts were recently asked to rule on companies' right to be heard during unannounced investigations (so-called 'dawn raids') by the Competition Protection Agency. read more…