In the journals

Shedding more light on finance advisers
A focus on what the author describes as "a two part regulatory crack down on investment advisers".

Duties of care of security trustees and security agents
This article considers the pros and cons of the two respective arrangements, preferring security trust arrangements over security agency arrangements.

Payment on demand
A consideration of where a bank's duty lies in repaying a customer when a demand for funds is made. In particular, it reviews the Court of Appeal decision of US International Marketing Limited v National Bank of New Zealand Limited, summarised in the Summer 2004 issue of Financial Services Quarterly.

Private offers of securities
This article considers the Court of Appeal case of Lawrence v Registrar of Companies, which is described as a significant milestone in the interpretation of the Securities Act 1978.

Garcia: a further extension?
A consideration of the decision in a recent case that again tests the courts' willingness to extend the wives' equity principles beyond the narrow boundaries of legal husband and wife relationships.

Who bears the cost of fraud?
In response to the rising use of credit and debit cards in New Zealand - and resultant rise in complaints of fraud - New Zealand's Banking Ombudsman has called for an overhaul of the industry's self-regulated rules.

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.