Significant amendments to the Credit Contract and Consumer Finance Act 2003 ("CCCFA"), come into force on 1 October 2021 which sees among other things the imposition of a new duty of due diligence on directors and senior managers of a "lender" (including some mobile traders).

On 30 October 2020 the Supreme Court delivered a landmark judgment in the context of contracts of guarantee in the case of Brougham v Regan [2020] NZSC 118. A summary of the key facts of the matter and important points in the Court's decision follow.