117 results found

Loading criminal liability onto directors may set up a conflict between the interests of the director and the company.

Judge Jan Doogue’s vigorous defence of a director’s right to rely on specialist advice in MED v Feeney and Ors has drawn sharply different responses with some seeing it as a source of comfort for directors and others as a source of concern. This Brief Counsel summarises the key points of the decision, samples some of the reactions it has provoked and gives Chapman Tripp’s assessment of the decision’s broader significance.

Explores legal risks and situations when a company director may be personally liable for the company's actions.

If you are considering directorship of a company in NZ, ensure that you understand what your director duties are.

If you are considering directorship of a company in New Zealand, you must understand what your director duties are.

This article is a refresher on the concept of limited liability and why it is important to the New Zealand economy.

The case relates to alleged breaches of the Securities Act 1978 by the directors of Lombard Finance & Investments Limited.

When a director considers a related-party transaction involving the company, such a transaction must be for "fair value".

Administrators can be appointed by the directors of the company, the court or a secured creditor. But can a liquidator appoint himself or herself as administrator of the same company?

The risk for Mainzeal directors is that the Court of Appeal may decide they are personally liable for over $36 million.

The directors did not need to consider the creditors' interests when determining the fairness of their own remuneration.

Discussion of factors that lead to doping scandals and steps to prevent them including selection of appropriate directors. .

The Act creates new classes of duty holder - PCBUs - with new obligations and increased penalties for non-compliance.

A workable solution to the vexed directors' crimes provisions in the recently passed Companies Amendment Act.

Explores the legal differences between a company director who is an employee versus a contractor in New Zealand.

The emphatic rejection by the District Court of all charges against the "Feltex Five" is a useful reminder of the protections the law offers directors provided they have been diligent in the discharge of their duties.

The spread of COVID-19 and government measures in response means an economic downturn and increasing business failures.