Business briefs
Companies Act reforms announced:A suite of changes aim to improve fairness and the ease of doing business in New Zealand.
Commercial
Embracing Tikanga Māori in your commercial contracts
Seeking ways to respect and incorporate differences into business practices
Voidable transactions
Most people in business know there is a substantial risk of not being paid by a company that goes into liquidation unless they have a
secured debt. However, a payment made by a company before it goes into liquidation may also be at risk of being clawed back.
Business briefs
Five companies sentenced over Whakaari/White Island eruption; Navigating financial distress; Commerce Commission win over Viagogo; CCCFA update
Can losses be recovered from a faulty building?
The High Court recently found that the construction and insurance sectors can rely on limited liability clauses when defending claims for negligence or breach of contract in commercial projects.
The Budget 2024
The Minister of Finance, Nicola Willis, delivered her first Budget on 30 May. The promised tax cuts have been delivered by adjusting the tax brackets. The minister admitted the Budget is “tight, but realistic” and she intends to stick closely to the allocated spending.
Business briefs
Cartel conduct: New Zealand’s first ever criminal cartel prosecution; New privacy rules for biometrics; New reporting obligations for large businesses
Whakaari/White Island eruption
The eruption of Whakaari/White Island on 9 December 2019 was a tragedy. The last of the prosecutions brought by WorkSafe due to the eruption concluded on 31 October 2023. We look at the lessons landowners and company directors can learn from these prosecutions.
Trial periods vs probation periods
We explain the differences between trial and probation periods to enable you to better understand your options.
Business briefs
Inside: Lego wins trade mark dispute with Zuru; Start preparing for the Incorporated Societies Act 2022; ESG and directors: the Companies (Directors’ Duties) Amendment Act 2023 now in force