Often in commercial contracts one party is asked to give an indemnity to another.  In general terms, an indemnity is a promise to pay someone else money to reimburse that other person for certain amounts eg other party for any cost, expense, liability, loss or damage that the other party might incur on the happening of a particular event.

The Consumer Law Reform Bill was reported back on by the Commerce Select Committee at the end of last year. 

Are you in the business of selling or leasing goods on credit? 

In late 2011 Fonterra announced it will introduce a new requirement of farmers in its terms and condition of supply.  

Prior to parliament dissolving before the recent general elections, the Companies and Limited Partnerships Amendment Bill was introduced into parliament. 

The Ministry of Economic Development (“MED”) has released, and is seeking feedback on, an exposure draft of the Financial Markets Conduct Bill. 

Do you supply goods on credit to customers as part of your business? If so, are you aware of the effect and requirements of the Personal Property Securities Act 1999 (“PPSA”)? If not, I suggest that you read on.

Did you know that if you lease goods to another person (the “Debtor”) you could be at risk of losing your rights in those goods to a third party who has lent money to the Debtor and has security over the Debtor’s assets?

Depending on the type and terms of an employee share scheme, tax can play a large role in determining the actual benefit gained by a participating employee.

Are you affected by the recent developments that have occurred in relation to the law for financial advisers?

Where an employer wants to implement an employee share scheme, the employer should carefully consider how to structure the terms of the scheme.