Having a Puff at Work

Vaping now treated the same as tobacco smoking

New Zealand laws have finally caught up with vaping (also called e-cigarettes) that have, for some time, enjoyed freedom from the country's strict tobacco regulation.

Since 11 November 2020, however, all vaping products and behaviours must now be treated the same as for tobacco products and smokers. All businesses and employers should be aware of the changes to SmokeFree legislation; for retailers of any vaping-related products these changes are especially important. Read more…

Raising Capital for Your Business

Some options for offering shares

The COVID pandemic has paved the way for innovation, and many New Zealanders spent 2020 investing time and money into their new or existing businesses.

When raising capital to grow their business, however, many business owners find themselves limited by the size of their wallet. While interest rates are currently at an all-time low, trading banks' lending terms are arguably the strictest in recent memory.

There are, however, alternatives to using personal funding or borrowings; you can offer shares in the company in exchange for funds (or 'capital').   Read more…

Privacy Act 2020 comes into force on 1 December 2020

The new privacy legislation comes into force as this edition of Fineprint is published; it updates the law to reflect the needs of the digital age. Although we published an article on this topic in the Winter edition (page 5), we remind you that the key changes relate to: Read more…

Hefty consequences for getting it wrong when company was in financial distress

In September 2020, the Supreme Court released its keenly anticipated decision in the Debut Homes case[1]. This decision illustrates the risks for directors where a company is experiencing irrecoverable financial distress. Read more…

Earlier this year, the government made changes to the Companies Act 1993 to provide company directors with a temporary 'safe harbour' from certain duties if the company was facing liquidity problems because of COVID.  Read more…

Know Your Contracts

One of New Zealand's largest olive oil companies is facing liquidation after failing to fulfil its contractual obligations. Read more…

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