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 to allocate different amounts of the purchase price to the same assets. This has left scope for exploitation, with each party being free to make…
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 not apply to unlisted companies. This will save small unlisted companies (and their lawyers) from the rigours of deciphering the Code and the associated compliance…
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 or sale and purchase of business, it is important to take legal advice and consider the application of New Zealand’s competition law. The purpose of…