The Law and Order select committee has released its report on the Organised Crime and Anti-Corruption Legislation Bill with a recommendation that it be passed with amendments. The omnibus bill aims to strengthen the law to combat organised crime and corruption. It would implement proposals aiming to improve New Zealand's... More about Organised Crime and Anti-Corruption legislation gets approval.
DIMS providers get some reporting relief (5 May 2015)
The Financial Markets Authority (FMA) says it is providing smaller businesses that offer a Discretionary Investment Management Service (DIMS) relief from some financial reporting requirements. The FMA has approved two categories of exemptions that will be available to DIMS providers who have up to $250 million retail funds under management... More about DIMS providers get some reporting relief.
Pecuniary penalty guidelines likely (5 May 2015)
Justice Minister Amy Adams has tabled in Parliament the Government Response to the Law Commission Report Pecuniary Penalties: Guidance for Legislation Design. Pecuniary penalties are fines imposed on an individual or company by the High Court in civil law processes and can involve large sums of money being paid to... More about Pecuniary penalty guidelines likely.
Health (Protection) Amendment Bill passage supported (4 May 2015)
Parliament's Health Committee has released its report on the Health (Protection) Amendment Bill, with a recommendation that it be passed with amendments. The bill would amend the Health Act 1956 by strengthening measures to protect the public from infectious diseases and introducing a ban on the provision of artificial UV... More about Health (Protection) Amendment Bill passage supported.
Colombian lawyer gets Lawyers for Lawyers Award (4 May 2015)
Colombian human rights lawyer Jorge Elecier Molano has been selected to receive the Lawyers for Lawyers Award 2015. The award was created in 2011 by the Dutch-based organisation Lawyers for Lawyers, which seeks to promote the proper functioning of the rule of law by pursuing freedom and independence of the... More about Colombian lawyer gets Lawyers for Lawyers Award.
Company filing changes from 1 May (30 April 2015)
Changes to the Companies Act 1993 made by the Companies Amendment Act 2014 come into force from 1 May 2015, placing new obligations on all new companies incorporated from 1 May. From 1 May 2015 all new incorporated companies will need to: Provide date and place of birth of all... More about Company filing changes from 1 May.
Legal profession vulnerable to money launderers (30 April 2015)
By Elliot Sim The legal profession has been assessed as a high risk sector under the anti-money laundering legislation, which will capture lawyers under phase two of its roll out. Under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML-CFT Act), lawyers are intended to be caught as... More about Legal profession vulnerable to money launderers.
Canadian judge declares mistrial citing counsel incompetence (30 April 2015)
A Judge has declared a mistrial in the Ontario Court of Justice, saying the counsel for the defendant failed to meet a minimum level of competence. In his judgment Justice Joseph De Filippis has quoted numerous examples from the trial transcript which he says persuaded him that counsel Ernest Guiste... More about Canadian judge declares mistrial citing counsel incompetence.
National young lawyer mooting applications close soon (30 April 2015)
By Sarah Borissenko Applications close on 4 May 2015 for New Zealand's first national mooting competition for young lawyers. Applications are open to legal studies trainees and lawyers with up to five years post qualification experience for the inaugural New Zealand Law Foundation Young Lawyers’ Mooting Competition, to take place... More about National young lawyer mooting applications close soon.
Financial Reporting Act breaches bring $25k fines (30 April 2015)
The two directors of SPI Property Fund Ltd have been fined $25,312 each in the Auckland District Court for breaches of the Financial Reporting Act 2013. Murray Alcock and Allister Knight each pleaded guilty to three charges of failing to file audited statements for SPI Property Fund Ltd to the... More about Financial Reporting Act breaches bring $25k fines.