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Written by Israel Vaealiki, PARTNER; Lana Dixon, LAWYER on February 25th, 2020.
In our previous article, we introduced the Trusts Act 2019 (Act), which received Royal Assent on 20 July 2019. We outlined some of the key changes under the Act and identified a number of issues for trustees to consider. In this article we provide more detail on the issues arising under the Act relating to record keeping and disclosure of information. Click the link to find out more about the Act...
Written by Darryl King, PARTNER; David Alizade, PARTNER on February 18th, 2020.
The Fair Trading Amendment Bill aims to provide more protection for small businesses and consumers against unfair commercial practices. It introduces a new prohibition against unconscionable conduct in trade, extends the unfair contract terms provisions to small trade contracts (currently they only apply to consumer contracts), and gives stronger consumer rights to get rid of ‘door knockers’.
Written by David Alizade, PARTNER on February 18th, 2020.
After a protracted political process, the UK formally left the EU on 31 January 2020. A transition period is now in place until 31 December 2020, where the current trade rules, tariffs and tariff rate quotas will remain in place for NZ businesses. The current NZ/UK trading relationship will continue as it currently stands, while the countries negotiate their future trading relationship and hopefully finalise a free trade agreement by the end of the transition period.
Written by Darryl King, PARTNER; David Alizade, PARTNER; on February 18th, 2020.
Following changes to the Takeovers Code in January 2020, the Code no longer applies to widely held unlisted companies unless they are at least "medium sized". As a result of the changes, most SMEs will not be subject to the Code – regardless of how many shareholders they have. Click the link for a summary of the new test and the implications for you and your company.
Written by Darryl King, PARTNER; David Alizade, PARTNER on February 18th, 2020.
Moving into the “twenty-twenties” has provided scammers with a unique opportunity to forge documents and potentially defraud businesses. Click the link to read more...
Written by David Alizade, PARTNER on February 18th, 2020.
The Privacy Bill is in the final stages of the legislative process, but we do not know yet when it will be in force. Reform of the current Privacy Act 1993 is long overdue, and the changes proposed will affect all organisations doing business in NZ that collect, use or hold information on individuals in NZ. The key changes are…
Written by Glenn Finnigan, PARTNER on February 17th, 2020.
The Government has released a consultation document which tries to address the long-standing issue of “misclassifying” employees as contractors. This sometimes occurs because employers are ignorant of what constitutes a true principal/contractor relationship under the law. However sometimes it occurs as a deliberate attempt to deprive workers of key employment rights.
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