In the courts

The Lombard decision: more important lessons for directors
The High Court has again found that the directors of a failed finance company are guilty of breaches of the Securities Act.

Partnership dissolution: when do partners' obligations end?
A recent Court of Appeal decision sets out the general principles that apply to partners who don't have a formal agreement governing the dissolution of their partnership.

Guarantee continues after guarantor's death
The Court of Appeal has clarified that a guarantee of a lease runs for the duration of the lease, and is not extinguished by the death of the guarantor.

Commerce Commission urges lower-tier lenders to get up to speed with consumer laws
An Auckland-based finance company and its director were fined a total of $55,475 in the Auckland District Court for what was termed "deplorable business practices which took advantage of vulnerable borrowers".

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.