Discussion document for third party funding of the FMA, XRB, Companies Office and the Insolvency and Trustee Service

The Ministry of Economic Development has released a discussion document (together with a Q & A) which considers a range of potential changes to the fees and levies that fund the institutions that regulate New Zealand's corporate environment and financial markets.

Filed under:
New Zealand, Capital Markets, Company & Commercial, Insolvency & Restructuring, Bell Gully, Security (finance), Surveillance, Option (finance), Limited partnership, Liquidation, Economic development, Preferred stock, Financial Markets Authority (New Zealand), Trustee
Location:
New Zealand
Firm:
Bell Gully
No need to trace when a title is held by a bare trustee

The High Court's ruling in Priest v Ross Asset Management Ltd (In Liq) [2016] NZHC 1803 arose out of the devastation of the Ponzi scheme effected by David Ross of Ross Asset Management Limited (In Liquidation) (RAM) and Dagger Nominees Limited (Dagger).  For many years RAM and Dagger reported spectacular returns for investors before their illusion was revealed, the Financial Markets Authority became involved and liquidators were appointed.

Filed under:
New Zealand, Insolvency & Restructuring, Litigation, Buddle Findlay, Financial Markets Authority (New Zealand)
Authors:
David Perry , Jan Etwell , Scott Abel , Scott Barker
Location:
New Zealand
Firm:
Buddle Findlay