Claudia Paterson

May 29, 2024 | lexology.com | James Craig |Nina Blomfield |Sam Comber |Sarah Lee |Henry King |Claudia Paterson | +1 more

The New Zealand Commerce Commission (NZCC) recently succeeded in legal proceedings against pyramid scheme promotor Shelly Cullen and global company Viagogo AG (Viagogo) for breaches of the Fair Trading Act 1986 (FTA). In this article we discuss the main findings of the two cases and why they are important reminders both to consumers to be wary when investing; and to businesses about their obligations under the FTA.

Dec 6, 2023 | lexology.com | Andrew Matthews |Anita Birkinshaw |Don Holborow |James Hawes |Jania Baigent |Michael Pollard | +3 more

The UK Court of Appeal has recently dismissed two climate-related shareholder claims against company directors. The cases reflect the courts’ continued unwillingness to interfere with directors’ decision-making on climate grounds. Key takeaways:Directors must make judgement calls when determining how to balance all risks faced by a company, including those involving climate factors. Courts are unlikely to interfere with directors’ judgement unless they blatantly disregard climate risk.