Questions and answers about Corporate Law
Our company received a demand from the Commerce Commission, what does it want? 1 answer
1 answerWe are a small supplier and received a letter from the Commerce Commission asking for documents and information about our pricing arrangements with a competitor. We did nothing wrong as far as we know, but we are worried. How seriously should we take it?
I hold a minority shareholding in a private company and the majority shareholders have stopped paying dividends and stopped giving me information, while awarding themselves generous salaries. I feel pushed out. Do minority shareholders have any legal protection?
My co-director is rarely available, misses meetings and is not contributing, but is also a shareholder. I would like to remove them from the board. What is the process and do I need their agreement? I have never dealt with anything like this before and would like to understand my options clearly.
My business partner and I are drifting apart, do we need an agreement? 1 answer
1 answerWe started a small company together with equal shareholdings and no written agreement beyond the constitution template. Now we disagree about direction and I worry about what happens if one of us wants out. Would a shareholders’ agreement help now, and what should it cover?
I recently became a director of a family-run company and did not realise it came with legal obligations of its own. Nobody explained what I am personally responsible for. What are the main duties of a director in New Zealand, and can I be held personally liable?
A supplier says we agreed to buy stock for the year based on email exchanges and a verbal chat with our manager. We never signed anything formal. They are now claiming a large sum for goods we did not take. Can a contract exist without a signed document?
An overseas investor has offered to buy a stake in our New Zealand company. I do not know whether there are restrictions on foreign ownership or approvals needed. What should we be thinking about before we agree?
I chair a community sports club that is an incorporated society. Members mention that a new law requires us to update our rules and re-register. What has changed and what happens if we do not comply? I am not sure where to start or who I should be contacting about this.
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