Welcome to the Sharp Tudhope Lawyers' blog. Here you will
find topical information and advice relating to a wide range
of areas of law, written by our legal experts.
Thursday March 26, 2015
The minimum wage is set to increase on 1 April 2015. Employers should take the time now to ensure that they will have the correct rate information going forward.
Thursday March 12, 2015
The full force of the Financial Markets Conduct Act 2013 (“FMC Act”) came into effect on 1 December 2014. If you are an issuer of securities you will need to ready yourself for the transition to the FMC Act.
Thursday February 26, 2015
On 1 April 2015 the full entitlement to paid parental leave will increase to 16 weeks. This will increase again on 1 April 2016 to 18 weeks.
This means the entitlement will align more closely with Australia and the OECD average.
Wednesday February 18, 2015
The eagerly awaited Supreme Court judgment of the Fences & Kerbs appeal has been released. The Supreme Court has unanimously allowed the appeals against the prior Court of Appeal decision that had “left very little scope for the operation of the [s296 Companies Act] defence” against voidable transactions.
The Supreme Court considered its interpretation of the meaning of “gave value” was consistent with Parliament’s intention of increasing certainty for creditors who trade with companies in good faith and without any reason to suspect that the company is in financial difficulty.
Monday February 9, 2015
If one company in a group of companies goes into liquidation then the parent company and other subsidiaries may be held liable for its debts.
A recent High Court decision in Lewis Holdings Ltd v Steel & Tube Holdings Ltd , saw the Court use section 271 of the Companies Act 1993 to hold a parent company liable for the debts of its subsidiary.
Thursday January 29, 2015
You may have been asked to enter into a General Security Agreement (‘GSA’) to provide security over your assets to a third party, before that party will advance you money, goods or services. What does this mean? Click the heading above to find out.
Thursday January 22, 2015
NZX listed Comvita Limited has announced the successful completion of a 1 for 5 renounceable rights offer and shortfall book build, raising $24.4million.
Thursday December 4, 2014
New changes to the Financial Markets Conduct Act 2013 have recently come into force. These changes will be of interest to Company Directors, Senior Management and Investors. Click the heading above to read more.
Thursday November 6, 2014
Are you a shareholder in a company? Do you know if pre-emptive rights apply to you? Click the heading above to find out.
Thursday September 11, 2014
It’s a fundamental principle of company law that a company is a legal entity in its own right; independent from its shareholders and governed by its directors. However, directors and employees can still be personally liable for their acts or omissions. Click the heading above to find out more.