In October 2018, Steel & Tube Holdings Limited (Steel & Tube) was fined $1.885 million for breaching the Fair Trading Act 1986 (Act), the largest ever fine imposed under the Act, for making false and misleading representations about its steel mesh products. Steel & Tube had previously generated jurisprudence on pooling orders under the Companies [...]
1 July 2018 marked an important transition for lawyers. The Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (“the Act”) now applies to law firms. The purpose of the Act is to detect and deter money laundering and the funding of terrorism, while maintaining and enhancing New Zealand’s international reputation. Lawyers and conveyancers are [...]
The emerging doctrine under the Health and Safety at Work Act 2015 (H & S Act), which substantially increases the penalties available for H & S breaches, continues to develop. Our legal update dated December 2017 covered some notable early sentencing decisions applying the new parameters. Subsequent decisions have also proved instructive. WorkSafe New Zealand [...]