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<pubDate>Sat, 21 Nov 2009 15:59:36 -0600</pubDate>
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<title>New District Court process for civil claims</title>
<description>As from 1 November 2009 the process for filing a civil claim in the District Court has been radically altered.&amp;nbsp; The focus of the new procedures is on judicial settlement conferences, rather than hearings in recognition of the fact that the vast majority of civil cases are settled.&amp;nbsp; A claim is commenced by filing and serving a standard form, "notice of claim".&amp;nbsp; A defendant who intends to defend a proceeding is required to serve a ...&#60;br clear="all"></description>
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<category>NZ Law Updates</category>
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<title>Reckless trading</title>
<description> The Companies Act 1993 imposes a duty on directors not to allow "the business of the company to be carried on in a manner likely to create a substantial risk of serious loss to the company's creditors."&amp;nbsp; This is commonly known as "reckless trading" and a breach of this duty can expose directors to the risk of personal liability if the company ultimately fails.&amp;nbsp;   Directors are also under a duty to ensure that proper accounting ... &#60;br clear="all"></description>
<link>http://www.lawyerinauckland.com/documents/blog.php?entry_id=1250407391</link>
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<pubDate>Sun, 16 Aug 2009 02:23:11 -0500</pubDate>
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<title>Phoenix Companies</title>
<description> A “phoenix company” is a company that is known by the pre-liquidation name of the failed company or a similar name. &amp;nbsp;  For example, if XY Limited was placed into liquidation then a phoenix company would include XY (2009) Limited. &amp;nbsp;  A phoenix company also includes a company that uses a trading name of the failed company. &amp;nbsp;            Phoenix companies are aptly named because they rise from the ashes of failed companies. &amp;nbsp;  However, many people are ... &#60;br clear="all"></description>
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<pubDate>Tue, 28 Jul 2009 12:21:03 -0500</pubDate>
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