The Contract and Commercial Law Bill (the Bill) was introduced into Parliament on 19 May 2016. The Bill aims to revise and modernise eleven statutes. However, it has been certified as not changing the effect of the law. Rather, it aims to make it easier to understand. The Bill was formed pursuant to the Legislation [...]

On 12 April 2016, the Chairs of the NZ Commerce Commission (NZCC) and the Canadian Competition Bureau (CCB) signed a mutual cooperation arrangement (the Arrangement). This step is in keeping with a similar arrangement between the NZCC and the Australian Competition and Consumer Commission, concluded in 2013. The purpose of the Arrangement is to facilitate [...]

The Financial Markets Authority (FMA) recently announced that the International Monetary Fund (IMF) will carry out a Financial Sector Assessment Program review in August and November 2016. The August phase will involve review of the banking and insurance fields, and the November phase will relate to securities regulation. The IMF will coordinate with the Reserve [...]