Mike Pope, after a long career at the firm and its predecessors, is retiring with effect from 30 June. We still expect to be seeing a bit of Mike around the office on a less formal basis (between his other more pressing sporting and social commitments). We all wish Mike and Sandra all the best. [...]
In Sportzone Motorcycles Limited (in liquidation) and Motor Trade Finances Ltd v Commerce Commission [2016] NZSC 53, the New Zealand Supreme Court (SC) considered the “reasonableness” of credit fees and default fees charged under credit contracts, in relation to the Credit Contracts and Consumer Finance Act 2003 (CCCFA). The case is the last chapter in [...]
Amendments to the Financial Markets Conduct Regulations 2014 (regulations) will soon be in place. The regulations affect the application of the Financial Markets Conduct Act 2013 (Act). The majority of the regulations come into force on 30 June 2016. However, regulation 9(1), (5), and (6) come into force on 1 December 2016. Regulations 6 and [...]