331 results found

The High Court has ruled that a lender cannot issue a notice to accelerate a loan before the expiry of a Property Law Act notice.

The importance of due diligence processes in significant capital raisings is a key take-out from a High Court decision.

The strength of the protection that the Personal Property Securities Act 1999 (PPSA) offers the recipients of monies paid by an insolvent debtor was tested recently in Stiassny and Ors v Commissioner of Inland Revenue – and failed to support the IRD’s right to retain funds paid to it.

Facebook's recent market debut in the US raises comparisons in the NZ context with Trade Me's IPO in November 2011.

Big receiverships often test legal boundaries, and the Crafar group receivership is no exception. Gibson & Stiassny v StockCo & Ors is the longest decision to date on the Personal Property Securities Act 1999 (PPSA). This is the first of a series of three Brief Counsels, each of which will explore one of these lessons in the context of the case.

Discusses the Gibson & Stiassny v StockCo & Ors litigation.

The Reserve Bank has released a consultation document entitled Review of Disclosure Requirements for Registered Banks outlining options to change the disclosure requirements for registered banks. The Review asks questions, with submissions due by 24 September 2010. The results of the Review are to be published in November 2010, with the new disclosure regime expected to come into effect on 31 March 2011.

RBNZ has issued proposals in the wake of the Basel III reforms.

Proposed changes to the KiwiSaver and superannuation schemes in the Financial Markets Conduct Bill simplify compliance.

The Personal Property Securities Act (PPSA) presents risks to creditors who do not take steps to protect themselves. These risks are not difficult to circumvent but still seem not to be understood by many.

The Government had to walk a knife edge in the preparation of this year’s Budget - demonstrating a credible path back to Budget surpluses to keep the ratings agencies at bay while not sinking the National Party’s chances of re-election.

The Financial Markets Authority (FMA) is consulting on a proposed exemption to facilitate personalised robo-advice.

Most of the reforms proposed for Collective Investment Schemes (CIS) in the June 2010 Securities Law Review will proceed. A small but significant exception is that employer (and other restricted offer) superannuation schemes will not now be required to close to new members as the price of retaining their current structures. This Brief Counsel provides an overview of the key reform proposals and is a companion piece to our earlier commentary on the financial markets components of the review.

This Brief Counsel is the first in a series on the report and is an overview of the report's structure and content.

The decision, where Mark Warminger was found to have manipulated the NZX market, is a useful clarification of the law.

Progress update on regulations to fully implement the Financial Markets Conduct Act.

The 18-page Guidance Note relates to governance obligations under Part 4 of the Financial Markets Conduct Act (FMCA).