February 2012 Newsletter
In our February issue
Bill Introduced to Prevent Foreign Abuse of New Zealand Company Laws
Despite our notable reputation as one of the least corrupt countries in the world, New Zealand remains subject to criticism for its weak company laws that are too easily exploited by international crime syndicates. There is a concern that ‘loop-holes’ in our company laws allow foreign fraudsters to set up shell companies in New Zealand, which are then used to conduct fraud such as tax evasion and money laundering overseas.
Cyber-bullying
Although bullying is nothing new, the digital age has given rise to a new breed of bullying, known as cyber-bullying. Cyber-bullying is where the internet, telephones, computers, cameras or other technology are used to deliberately inflict harm on another person.
Changes to Road & Driving Laws
The Land Transport (Road Safety and Other Matters) Amendment Act 2011 (‘the Act’) was implemented last year as a response to public demands for better protection for young drivers. Major changes are also set to take place in March this year in relation to our give-way rules.
Financial Markets Authority
The apparent failure of past regulatory regimes to provide adequate management of financial markets leading up to the recent global financial crisis (‘the crisis’), has led to a revamp of New Zealand’s 30 year old securities law.
Licence to Marry
‘Tis the season to get married! So be sure to have your marriage licence sorted ahead of time to ensure everything goes smoothly – legally at least.
Paid Sleep-Overs
The Sleepover Wages (Settlement) Act 2011 (‘the Act’) came into force on 18 October 2011 as a result of the Court of Appeal decision in Idea Services Ltd v Phillip Dickson.
View the full articles here (pdf)
