Considers Burns v Commissioner of Inland Revenue's interpretation of "account receivable".

Planning your exit strategy early can help maximise your business's value and avoid pitfalls.

In this issue: Record Fine for Cartel Activities, Proposed Bus Acquisition and the Commerce Act, Prohibition Against Resale Price Maintenance Bites

The limited partnership regime in NZ aims to provide a convenient, flexible and internationally recognised structure.

A discussion of some examples of common business structures.

Before taking formal action, service providers should review their contractual documentation to confirm payment terms, late payment interest clauses, and debt recovery cost provisions, and ensure their invoice is valid and clearly states the amount owing, services provided, due date, and payment details.

In this day of the phrase, the age of the sound byte, where we are constantly bludgeoned by new sayings such as wassup, your dissed and that’s a heads up, or even heaven forbid banalities such as moving forward some old sayings still have meaning.

The much awaited Limited Partnerships Bill was released last month, along with a ‘Commentary on Parts 5 and 6 of the Bill associated tax changes’.

A company power of attorney is a document allowing a company to appoint an attorney to act on behalf of the company.

An overview of open banking and its potential benefits.

The KiwiSaver provisions in the Financial Markets (Regulators and KiwiSaver) Bill have emerged from the select committee more workable, clearer and much better integrated into the existing legislation.

Does the registration date on the PPS Register determine priority between competing security interests?

Directors should have the opportunity to identify conflicts of interest and to absent themselves from those discussions.

The last few years have been challenging for New Zealand's corporate advisory market with the Global Financial Crisis (GFC) taking its toll on activity and transaction volumes. After a surge of capital raisings in the first half of 2009, issuances have scaled right back. The M&A market has remained relatively light throughout. There are certainly signs of recovery with M&A activity at least rebounding a little since the last quarter of 2010. However, the deal pipeline remains below the levels ex

Two recent English cases have further addressed legal privileges discussed in two previous Brief Counsels: the operation of "without prejudice" communications and the ambit of legal professional privilege

Failing to enter into s shareholder's agreement can be the commercial equivalent of driving without a seatbelt.

Discusses the structure for setting up a business in NZ.

Hot on the heels of the Feltex decision vindicating the right of directors to rely on advice,1 the New South Wales Court of Appeal has released a judgment that considers in some detail what happens when there are gaps in advice, or the advice is based on unchallenged assumptions. The findings underline that director and officer liability will always depend on the particular context. But there are some broader lessons to be drawn.

This article explains the differences between operating as a company or a sole trader for business owners in New Zealand.

Most financial services businesses will need to register by 1 December 2010 under the Financial Service Providers (Registration and Dispute Resolution) Act (FSPA). Specialist financial advisers, discretionary investment managers and investment planners have until 31 March 2011.