What Happens to Employees when you Buy or Sell a Business?
When you buy or sell a business there is a lot to think about. Sometimes what is overlooked is a proper consideration of what happens to the employees affected by the sale.
I've got a dispute - how do I resolve it?
When it comes to dispute resolution, there are many available options. Choosing the right option for your dispute is crucial to ensuring you can resolve your dispute in the most time and cost effective manner.
There are three main types of dispute resolution procedures:
Business Restructures - Get it Right
Employers often look to restructures when economic uncertainty is looming. With that in mind it is vital employers fully understand their legal requirements if looking to restructure and make staff changes.
What are the duties of a Company Director?
The Companies Act 1993 is New Zealand’s core piece of corporate legislation. The Act recognises that the taking of business risks is legitimate and that, in matters of business judgement, directors are permitted a wide discretion. However, in order to provide protection for shareholders and creditors against the abuse of management power, directors are also subject to a number of duties. If a director is found to have breached any of these duties they may be personally liable for any loss they caused.
The New Incorporated Societies Act
In April 2022, the Incorporated Societies Act 2022 came into force, replacing the 114 year old Incorporated Societies Act 1908. The new Act is intended to modernise incorporated societies by setting out a framework of basic governance, legal and accounting obligations and to promote trust and confidence in societies. In particular, there is a focus on societies being run by, and being accountable to, their own members who are all working to achieve a stated purpose (and not for private gain).
