On 1 August 2016, the Court of Appeal released its decision in Steel & Tube Holdings Limited v Lewis Holdings Limited [2016] NZCA 366. The case offers guidance on pooling orders under section 271(1)(a) of the Companies Act 1993, which states that when a company is in liquidation, a court may order a “related company” [...]
As a means to regulate governance of New Zealand registered companies, the Companies Act 1993 (Act) was amended to provide that New Zealand incorporated companies must have at least one director who: lives in New Zealand; or lives in Australia and is also a director of an Australian company. The Act does not provide any [...]
The Court of Appeal has allowed an appeal for the directors of Apple Fields Limited (AFL), quashing orders made against them for breaches of the Financial Reporting Act 1993 (Act). In summary, AFL had failed to register audited financial statements and an auditor’s report as required under the Act. The directors of AFL explained in [...]