Updates

Updates to articles published in the Winter 2003 edition of Financial Services Quarterly.

Changes to stamp duty legislation in Australia
As reported in the Winter 2003 edition of Financial Services Quarterly, recent changes to stamp duty legislation in Australia may affect the way in which Australian and trans-Tasman facilities are structured.

Are your guarantees enforceable?
An appeal against the decision in Alma Daphne Lee v Damesh Holdings (summarised in the Winter 2003 edition of Financial Services Quarterly) was heard in the Court of Appeal on 30 September.

New Zealand court orders share forfeiture in equity swap case
As reported in our Winter 2003 edition of Financial Services Quarterly, earlier this year the New Zealand High Court ordered the forfeiture of 12 million shares in Rubicon Limited owned by Perry Corporation.

Insolvency law reform – a summary
Draft legislation to implement the outcome of the insolvency law review is now unlikely to be released until mid-November.

Business law reform – what is it trying to achieve?
The Business Law Reform Bill had its first reading on 24 June 2003 and a report on submissions is due at the end of the year.

Consumer Credit law reform
The new legislation has been passed with a number of significant changes since our last issue of Financial Services Quarterly.

Disclosure obligations for directors and officers
The directors' and officers' disclosure obligations mentioned in our last edition have yet to come into force.

Enquiries and information

For more information on any of the cases, articles and features in Financial Services Quarterly, please email Rachel Gowing or call on 64 9 916 8825.