Recently, a selection of retailers around the country have been trialing a biometric security tool that takes security footage to the next level — your face gets scanned upon entry and run through a database comparing you against the stored identities of previous offenders.
A recent Willy Wonka inspired experience which went terribly wrong highlights potential issues with using Artificial Intelligence (AI) in advertising.
The way incorporated societies are run in New Zealand, as well as their duties and responsibilities, is changing under the new Incorporated Societies Act 2022 (Act).
The Supreme Court decision ordered that Mainzeal’s former directors contribute a total of $39.8 million, plus interest, to the company’s assets, for breaches of the Act.
Emojis, those tiny digital icons that express emotions and reactions, have become a common part of our daily conversations. But can a simple thumbs up emoji hold any legal weight, especially when it comes to forming contracts?
Commercial lease agreements are contracts that define the relationship between the landlord and the tenant and sets out both parties' rights and obligations. In New Zealand, there is no prescribed form of commercial lease, the parties are free to draft their own lease agreement tailored to their specific situation.
Court demonstrates flexibility in relation to voluntary administration regime
January 2023
25 January 2023
The purpose of the voluntary administration regime under the Companies Act 1993 (Companies Act) is to provide insolvent (or nearly insolvent) companies with breathing room to either: (a) restructure/rehabilitate the company to allow it to continue trading; or (b) to re-organise the affairs of the company in a way which maximises the return to creditors and shareholders on a slightly delayed liquidation of the company.
When it comes to the 'best interests' of a company, one view assumes that maximising shareholders' return should be the paramount factor in directors' decision making.
If you or your business makes, sells or imports consumer products, you need to be aware of your obligations.
Directors and Creditors: know your rights and obligations in a post-Covid world
August 2022
24 August 2022
With government support for business coming to an end, it is important to know where you stand.
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