Privacy Bill faces clear path to law after second reading
A bill to modernise New Zealand’s privacy laws has finally concluded a protracted second reading and is now all but sure to be voted through to the final stage and pass into law without any major hurdles.
Financial market infrastructures law one step closer to reality
On 1 August the Reserve Bank of New Zealand released an exposure draft of the Financial Market Infrastructures Bill.
Derivatives Margin Bill is passed
The Financial Markets (Derivatives Margin and Benchmarking) Reform Amendment Bill has proceeded through its remaining stages and received its third reading on 27 August.
The meaning and contestability of fair risk allocation in commercial contracting
This article focuses on fair risk allocation in the New Zealand construction industry.
Report sets out 10-year vision for New Zealand’s capital markets
Yesterday the steering committee of Capital Markets 2029 released its final report. The review had been initiated earlier this year by NZX and the Financial Markets Authority – with the objective of delivering a ten-year vision and growth agenda for the sector.
Court of Appeal allows opt-out class actions
In a landmark decision for class actions in New Zealand, the Court of Appeal has ruled that a representative action brought by two Christchurch homeowners can proceed on an “opt-out” basis.
New immigration rules: A streamlined process or more red tape?
On 17 September, the Government announced significant changes to temporary work visas which will have a major impact on employers' recruitment processes where they hire migrant workers.
Bär & Karrer Advised Colombo Wealth on the Reorganisation of its Structure and Obtaining FINMA’s ap
Colombo Wealth SA (previously Colombo Wealth Management SA, Heron Holding SA and Heron Asset Management SA), a financial service provider in the canton Ticino for institutional and private HNWI clients, is the first FINMA licensed asset manager of collective investment schemes with presence in all three main language areas in Switzerland, with headquarter in Lugano …
Turkey signs the Singapore Convention: A New Era in Enforceability of Mediation Agreements
Turkey signs the Singapore Convention: A New Era in Enforceability of Mediation Agreements in Foreign Countries The mediation procedures have become a mandatory stage of commercial litigations in Turkish Law as of January 01, 2019. After only 4 months of practice, it appears that the success rate of mandatory mediation procedures is %65, according to …
AVELLUM advises on sale of Smart Plaza Obolon
AVELLUM acted as the legal counsel to sellers on the sale of Smart Plaza Obolon, a newly constructed shopping and entertainment center in Kyiv. URE Holding Limited, a company from Dragon Capital Group, acquired the properties.