Voidable transactions: payments made by receivers when trading on
A discussion of a Wellington High Court decision in the first New Zealand case dealing with the issue of who a receiver acts for when it makes payments of pre-appointed unsecured debts and when liquidation follows receivership.
Retention of title and the trans-Tasman supply of goods
This article considers the effect of the different security regimes in New Zealand and Australia on supplies of goods on retention of title terms.
Anti-money laundering and countering terrorist financing
This article updates readers on the progress of the regulatory reforms for countering money laundering and terrorist financing, and reassures the legal community about the government's approach to potential compliance costs.
Companies Act scores own goal
This article criticises the Companies Act's directors' duty of care requirement that use of derivatives by companies be monitored.
Mortgage frauds prompt calls for system changes
Major changes to the electronic land registration procedures have been called for following mortgage frauds.
Are high-yield debentures as safe as houses?
This article discusses the growth of, and risks associated with, investment in debenture offerings for mezzanine lending.
Comfort letters - a fresh look?
A comparison of the American and Australian approaches to the enforceability of letters of comfort.
Age discrimination and bank lending
This article considers implications of the prohibition on age discrimination contained in the Human Rights Act 1993 for bank lending.
Smart card technology rejected
Smart card technology rejected because "there is nothing wrong with cash".
For more information on any of the cases, articles and features in Financial Services Quarterly, please email Rachel Gowing or call on 64 9 916 8825.
This publication is necessarily brief and general in nature. You should seek professional advice before taking any action in relation to the matters dealt with in this publication.