Law Guides:
Doing Business in New Zealand
15 Dec 2012
We have many years of experience in providing advice to multinational firms and their professional advisers on all aspects of doing business in New Zealand.
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FYI:
Corporate Advisory – Financial Markets Conduct Bill: Proceed with Due Care
14 Sep 2012
The most significant reform of securities law in a generation moved a step closer recently, when the Commerce Select Committee reported back on the Financial Markets Conduct Bill...
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Feature Article:
Financial Markets Conduct Bill before the Select Committee
14 Jun 2012
The Financial Markets Conduct Bill passed its first reading in March 2012 and is currently before the Commerce Select Committee...
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FYI:
Litigation – Bridgecorp - Lessons for Directors
06 Jun 2012
On 5 April 2012 Justice Venning found Rod Petricevic and Robert Roest guilty of distributing offer documents containing false statements under section 58 of the Securities Act, as well as making false statements to the trustee and investors in breach of the Companies and Crimes Acts...
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Feature Article:
Bridgecorp Decision
16 Apr 2012
The verdict in the Bridgecorp trial was delivered on 5 April, with directors Rod Petricevic, Rob Roest and Peter Steigrad all being found guilty in the High Court on charges of making untrue statements in prospectuses, investment statements and directors' certificates...
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Feature Article:
The King of Cons
15 Jun 2011
He had found investment's holy grail: making money off a perfect hedge...
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Feature Article:
Changes to Credit Reporting Afoot
06 Jul 2010
Banks, finance companies, and the like may soon have access to more information about individuals. The Privacy Commissioner is looking at relaxing the current ban on positive credit reporting. It is also considering letting credit reporting agencies use driver licence information to check that they have the right individuals...
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Feature Article:
Changes to Credit Reporting Afoot
Banks, finance companies, and the like may soon have access to more information about individuals. The Privacy Commissioner is looking at relaxing the current ban on positive credit reporting. It is also considering letting credit reporting agencies use driver licence information to check that they have the right individuals. Better credit reporting has privacy risks, but it may allow more informed decision making when loans are being sought. The closing date for submissions on the proposed changes is 13 August 2010...
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FYI:
Financial Services – The New and Improved Financial Advisers' Regime - Answers to Key Questions
17 May 2010
The Government announced significant changes to the new financial advisers' regime at the end of April 2010. These changes address many concerns raised with the proposed regime. The regime is not now due to be fully implemented until 30 June 2011...
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FYI:
Financial Services
The Government announced significant changes to the new financial advisers' regime at the end of April 2010. These changes address many concerns raised with the proposed regime. The regime is not now due to be fully implemented until 30 June 2011.
This FYI highlights the potential impact of the changes for the financial services industry.
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Law Guides:
Commerce Commission Investigations under the CCCFA
17 Nov 2009
The Credit Contracts and Consumer Finance Act 2003 (CCCFA) is regulated and enforced by the Commerce Commission...
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Law Guides:
Commerce Commission Investigations under the CCCFA
The Credit Contracts and Consumer Finance Act 2003 (CCCFA) is regulated and enforced by the Commerce Commission. This is a new role for the Commission and in its 2005/2006 Statement of Intent it identified the investigation of breaches of the CCCFA as a short term goal with a medium term goal being to use "… court actions to establish precedents which will be used to educate credit providers on their obligations".
In light of this, Simpson Grierson's banking and finance and competition law experts have collaborated to design this handbook to provide you with a brief overview of the purpose of the CCCFA, the role and powers of the Commerce Commission under that Act, and what you really need to know to survive a Commerce Commission investigation.
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