Recent developments

Commerce Commission will use search warrants to detect anti-competitive behaviour
The recent admission that an employee of the former Tranz Rail destroyed emails and possibly documents relating to the subject of a Commerce Commission investigation into anti-competitive conduct by the company is likely to justify the Commission’s use of search warrants after an earlier reversal for the Commission in the Court of Appeal.

Update on the review of the Financial Reporting Act
As reported in the Winter 2004 issue of Commercial Quarterly, a discussion document was released to establish who should be subject to financial reporting requirements. Submissions on the first discussion document are now closed, with feedback on the proposed three-tier structure generally positive.

Enquiries and information

For more information on any of the cases, articles and features in Commercial Quarterly, please email Rachel Gowing or call on 64 9 916 8825.