Banking and Finance

New Duty of Due Diligence on Directors and Senior Managers of Lenders

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).
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Brougham v Regan - The Requirements for a Valid Contract of Guarantee

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.
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