Pronounced focus on cartel behaviour by the Commerce Commission should be of note for all suppliers, be they import/distributors or local manufacturers. In this article, I draw your attendion to proposed legislative changes in relation to price fixing and output restrictions.
There is currently a bill before Parliament which, if passed, will extensively overhaul consumer law. All businesses will be forced to review their contracts to ensure compliance with the new laws.
A standard form indemnity will extend to "any liability, loss, costs or expenses incurred as a result of or in connection with any breach of this contract by, or the negligence of, the supplier, or any breach of a law by the supplier".
Conceptually earn out arrangements are a convenient way of managing price expectations and risk for both sellers and buyers in the contestof business and share sale and purchase agreements.
There is no requirement to register a prospectus when offering securities if the offer is not made to the public. The most common instance of this is a "private placement", ie an issue or allotment of securities to one or more persons privately.