Posts by Ryan McMaster

Preference Shares Explained: What They Mean for Startups and Investors

Investing in an early-stage startup is inherently high risk. One way investors seek to reduce investment risk is by opting for ‘preference shares’ in place of ordinary shares. So, what…

New Purchase Price Allocation Rules – What You Need To Know

As of 1 April 2021, new rules will govern the allocation of the purchase price for a business sale and purchase. For context, the current rules allow vendors and purchasers…

Cracking The Code – Relief For Small Code Companies

Recent amendments to the Takeovers Act 1993 and Takeovers Code will be a welcome relief to many small Code companies. These changes add a threshold below which the Code will…

Papamoa Gas Distribution Sale Leaves Lingering Odour, Leads To Commerce Commission Sanction

It will be well known to most of our clients that when competitors in business engage with each other, whether generally, or specifically in the context of a proposed merger…