Financial Services Quarterly - Summer 2015/16

Monday 7 December 2015

​​​​​​​​Welcome to the Summer 2015/16 issue of Financial Services Quarterly, a review of current legal issues in the financial sector.

Each quarter, we summarise recent issues and preview upcoming developments.​

In this issue:​​

  • Payments by a developer’s financier to a construction company can be clawed back.

  • UK Supreme Court reconsiders rule against contractual penalty clauses.

  • Excessive penalty for non-payment not enforceable.

  • FMA held to be in breach of its natural justice obligations.

Download a copy of this issue here.​​​​


This publication is necessarily brief and general in nature. You should seek professional advice before taking any action in relation to the matters dealt with in this publication.

For more information
  • Rachel Gowing

    Senior Associate Auckland
Related areas of expertise
  • Banking and finance