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28 May 2020 17:03
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  •   Home > News > Politics

    A legal expert has concerns about the changes made to our Companies Act

    A legal expert has concerns about the changes made to our Companies Act


    The Government's introduced legislation which removes the legal risk for directors.

    The University of Auckland's John Land says that could be worrying.

    He wants to know if it means there's a full license to engage in reckless trading - but he says directors will still have to follow their obligations of good faith.

    Under the rules, businesses will also be able to park debt until they start trading again.

    © 2020 Newstalk ZB, NZCity


     Other Politics News
     28 May: Christchurch City Council is set to consider a rates rise tomorrow - and not everyone agrees with the idea
     28 May: The Christchurch City Council's proposed budget would see it cutting costs across the board, and saving 23-million dollars
     28 May: Teacher aides are rejoicing after landing themselves a historic pay equity settlement
     27 May: MPs are being urged to consider the impact of losing a baby before full term - however it happens
     27 May: There's doubt we have enough information to decide whether to increase the retirement age or not
     27 May: Concerns high unemployment rates will stick around longer than expected
     27 May: The Epidemic Response Committee has been disbanded
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    Christchurch City Council is set to consider a rates rise tomorrow - and not everyone agrees with the idea More...



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