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Personal Property Securities Act: when is a bailment a lease for a term of more than one year?

Chapman Tripp
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New Zealand
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June 9 2011

The issue of whether all bailments of more than one year qualify as security interests under the Personal Property Securities Act (PPSA) has been clarified by a Court of Appeal decision

Lessons from the Crafar receivership - part three: identifying personal property

Chapman Tripp
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New Zealand
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June 17 2011

The Gibson & Stiassny v StockCo & Ors litigation in relation to the Crafar receivership has clarified important aspects of the Personal Property Securities Act 1999 (PPSA

Court creates tax risk for receivers, liquidators - and directors?

Chapman Tripp
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New Zealand
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August 4 2011

A recent judgment in the Wellington High Court makes receivers, liquidators - and, potentially, the directors of companies in receivership and liquidation - personally liable for GST on the sale of mortgaged properties even where the mortgagee is not GST registered

Bridgecorp - directors' liability when circumstances change

Chapman Tripp
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New Zealand
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July 6 2011

The Court of Appeal decision yesterday in relation to Bridgecorp confirms that directors face potential criminal liability should an issuer continue to use a registered prospectus or advertisement containing statements which have since become untrue

Lessons from De Beers' IT contract meltdown

Chapman Tripp
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New Zealand, United Kingdom
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August 8 2011

The acrimonious collapse of the contract between De Beers UK and Atos Origin IT Services to upgrade De Beers’ diamond supply chain management software systems provides some useful lessons for New Zealand businesses in how to manage contractual relationships

Directors' backsides exposed if "noses in, fingers out" becomes "hands off, eyes shut"

Chapman Tripp
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Australia, New Zealand
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August 10 2011

Recent cases in Australia and New Zealand involving directors’ obligations sound a warning for any directors who think the difference between “governance” and “management” means that “directors don’t do detail”

Court of Appeal backs High Court decision on casting votes

Chapman Tripp
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New Zealand
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September 6 2011

The Court of Appeal has affirmed the High Court’s ruling that a voluntary administrator may only use a casting vote where the number of creditors voting for and against the resolution is equal

Penny and Hooper: a thoughtful approach to tax avoidance

Chapman Tripp
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New Zealand
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September 7 2011

The outcome in Penny and Hooper v CIR is relevant to a much broader swathe of the economy than any tax case in the past 35 years, potentially affecting the related party employees of any family company

Does the Nathans decision raise the bar for directors?

Chapman Tripp
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New Zealand
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July 12 2011

Findings last week of criminal liability in the Nathans Finance case echo the Centro ruling from the Australian Federal Court last month and make it clear that directors must apply their own judgement in the exercise of their duties rather than simply relying on management and expert advice

NZBA deed of priority does not affect mortgagor sales

Chapman Tripp
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New Zealand
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September 14 2011

The Court of Appeal has confirmed that the New Zealand Bankers’ Association (NZBA) deed of priority, widely used in the market, limits a mortgagee’s priority only in a mortgageereceivership sale

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Search results

Personal Property Securities Act: when is a bailment a lease for a term of more than one year?

Lessons from the Crafar receivership - part three: identifying personal property

Court creates tax risk for receivers, liquidators - and directors?

Bridgecorp - directors' liability when circumstances change

Lessons from De Beers' IT contract meltdown

Directors' backsides exposed if "noses in, fingers out" becomes "hands off, eyes shut"

Court of Appeal backs High Court decision on casting votes

Penny and Hooper: a thoughtful approach to tax avoidance

Does the Nathans decision raise the bar for directors?

NZBA deed of priority does not affect mortgagor sales

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