/Recent Legal Developments/

Misleading Representations

The New Zealand Commerce Commission (Commission) has successfully brought proceedings against Contact Energy Limited (Contact Energy) in the Wellington District Court for breaching the Fair Trading Act 1986 (the Act). Contact Energy plead guilty to seven charges under the Act, relating to false or misleading representations which it made as part of its Fuel Rewards [...]

March 31st, 2020|Categories: Legal Developments|Tags: |

Fiduciary obligations in business relationships

The New Zealand Court of Appeal has recently released a decision highlighting the importance of receiving legal advice before entering into business relationships with friends. In the present case a lot of time and expense could have been avoided by obtaining proper advice in relation to fiduciary obligations and ensuring they are satisfied. In Detection [...]

November 30th, 2019|Categories: Legal Developments|

Refunds for incorrect fees

In December 2017, Westpac self-reported to the Financial Markets Authority (FMA) and the Commerce Commission (Commission) that it may have breached the Financial Markets Conduct Act 2013 (FMCA) and the Fair Trading Act 1986 (FTA) by incorrectly discounting fees ┬áin connection with certain banking packages.   Then in December 2018, Westpac alerted the FMA and [...]

August 31st, 2019|Categories: Legal Developments|