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Financial Markets Authority v CBL – accessory liability for directors and senior managers

12/03/2025

The former CFO of the CBL Group has been found personally liable as an accessory in relation to breaches by CBL Corporation Limited of continuous disclosure and fair dealing provisions of the Financial Markets Conduct Act 2013.

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Publication

Chambers & Partners Collective Redress & Class Actions 2024: A Global Practice Guide

24/01/2025

Russell McVeagh has contributed the New Zealand chapter of Chamber & Partners Collective Redress & Class Actions 2024 guide.

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Publication

Court of Appeal confirms dismissal of 'leaky building' class action

2/10/2024

Last week, the Court of Appeal handed down its judgment in the only remaining weathertightness class action against James Hardie (two similar actions settled in August 2021 and April 2023 respectively).

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Publication

The largest IT outage in history: CrowdStrike's routine software update

22/07/2024

The largest IT outage in history hit on Friday when CrowdStrike's security software update caused widespread outages to operating systems globally, halting the operations of numerous airlines, banks, hospitals, supermarkets, emergency services, media outlets and much more, the world over. Our Technology, Digital and Strategic Sourcing team take a look at the implications for the affected organisations and what they should be considering in terms of potential claims, as well as the regulatory implications.

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Publication

Supreme Court allows Smith climate change challenge to proceed to trial

8/02/2024

Yesterday, the Supreme Court issued its much-awaited decision in Smith v Fonterra, the first case to be brought in New Zealand (NZ) seeking to hold private parties liable in tort for damage caused by climate change.

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Publication

Aotearoa New Zealand: Dispute Resolution Overview

12/04/2023

Improving access to justice has been the common thread running through a number of significant developments in dispute resolution in Aotearoa New Zealand in recent years. Both before and since the impact of the COVID-19 pandemic, there has been an increasing focus on procedural aspects of dispute resolution with the objective of increasing access to justice.

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Publication

Du Val Capital Partners Ltd v FMA: Not all wholesale investors are created equal

6/07/2022

Last week the High Court released its judgment in Du Val Capital Partners Limited v Financial Markets Authority [2022] NZHC 1529. The decision upholds the Financial Market Authority's (FMA) direction order against Du Val (a New Zealand real estate, investment and asset management group) that its promotion of an investment in the Du Val Mortgage Fund Limited Partnership (Mortgage Fund) constituted conduct that was in breach of the fair dealing provisions of the Financial Markets Conduct Act 2013 (FMCA).

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Publication

Law Commission releases final report on class actions and litigation funding

29/06/2022

The Law Commission released its final report on class actions and litigation funding on Monday 27 June. The report is the culmination of the Law Commission's review, which began in December 2020 and included consultation rounds with those in the sector.

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