In this article I talk about some legal concepts that may be able to assist you when the performance of a contract becomes impossible because of the Covid-19 lockdown.
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Hot off the press, a paper I wrote for the 4th Annual Criminal Law Forum that was to be delivered in Auckland on 26 March 2020 on the latest case law under the Anti-Money Laundering & Countering Financing of Terrorism Act 2009. As a result of the Covid-19 Nationwide lock down, the forum was cancelled. I hope you enjoy it, any comments, questions or suggestions please email me on merran@financialbarrister.com.
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Commentary on the little known-about case of ANZ v FMA heard late last year, regarding the extent of the FMA's ability to distribute information it gathers as part of an investigation.
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Merran provides a list of seven lessons from the Federal Court of Australia about the meaning of 'acting in the best interest of the client'.
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A review of the change in the law regarding whistle-blowing by financial advisers (and nominated representatives) under the Financial Services Legislation Amendment Bill. Call Merran for advice on other reform under the Bill that may effect your business.
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New Zealand Reserve Bank Releases May 2017 Financial Stability Report
1. The New Zealand Reserve Bank (RB) has released the May 2017 Financial Stability Report.
2. Key findings in the Report include:
- New Zealand’s financial system remains sound and the risks facing the system have reduced in the past six months;
New Zealand Financial Markets Authority Consults On Methodology Notice and Draft Guidance To Help KiwiSaver Scheme Providers Calculate The Total Fees Charged To Each Investor
1. The New Zealand Financial Markets Authority (FMA) has issued the following documents for consultation:
- Financial Markets Conduct (KiwiSaver Confirmation Information) Methodology Notice 2017 (Notice);
- Draft Guidance Note Fee disclosure by managed funds (Guidance Note).