Directors' duties and liabilities are up for review

Directors' duties and liabilities are up for review
The Law Commission says current regulations may discourage directors from taking legitimate business risks. (Image: Getty)
Rebecca Howard
The Law Commission will undertake a review of directors’ duties and liabilities at the request of Justice Minister Paul Goldsmith. “The law relating to directors’ duties and liabilities has been causing concern for some time and a review is timely,” said commissioner Geof Shirtcliffe.There have been a number of calls for reform. In a case involving Mainzeal, for example, the supreme court endorsed the appeal court's view that a review was needed.In August last year, the supreme court ordered the directors of Mai...

More Law & Regulation

Co-operative Bank, ComCom agree penalty fee
Finance

Co-operative Bank, ComCom agree penalty fee

The bank is silent on the penalty amount it and the Commerce Commission are aligned on.

Amendment may create a fast-track to judicial reviews
Property

Amendment may create a fast-track to judicial reviews

How a fix to speed up projects could send more to court instead.

Commerce commission takes Mobil NZ to High Court
Law & Regulation

Commerce commission takes Mobil NZ to High Court

The Commerce Commission has initiated legal action against Mobil New Zealand, alleging that the company's pricing methods violate the Fuel Industry Act 2020.ComCom has filed proceedings in the High Court, claiming two ongoing breaches of the act, it said in a statement. The f...

BD AI 25 Nov 2025
Minerals royalties fall 40% as Govt orders review
Primary Sector

Minerals royalties fall 40% as Govt orders review

Govt’s cut from oil and gas slumps in line with production. 

Ian Llewellyn 25 Nov 2025