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Legal Services | New Zealand

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Lloyd KavanaghPartner

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All new zealand COVID-19 articles | All Articles by MinterEllisonRuddWatts

Embracing Momentum: Andrew Eagles on Sustainability in Commercial Property Post COVID-19
MinterEllisonRuddWatts, October 2020

Although COVID-19 is an unrivalled pandemic, it feels all too familiar to our continuing battle against climate change. Both global crises are forcing us to modify our way of living – whether we are ready or not. While we focus on adapting our economic activity and social fabric in response to the global pandemic, will we lose momentum in our ongoing battle with climate change? We recently sat down with Andrew Eagles, Chief Executive of the New Zealand Green Building Council (NZGBC), to gain some insight on the sobering, yet positive status of sustainability in New Zealand’s commercial real estate sector...

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Landmark UK Business Interruption Case
MinterEllisonRuddWatts, October 2020

In our previous edition of Cover to Cover, we discussed the various jurisdictions in which insurers’ approaches to business interruption cover following COVID-19 were being scrutinised. In the UK, the Financial Conduct Authority (FCA) initially worked together with insurance companies to aim to provide transparency and clarity in their existing policies for their insureds. It was soon clear that there was a growing problem in the market, largely due to the multiple action groups arising, especially with policies affecting SMEs...

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Regulatory Update: Progress on Financial Advice and Conduct Regimes Despite COVID-19 Delays
MinterEllisonRuddWatts, October 2020

In this article, we examine the progress of key regulatory changes for insurers and other financial institutions, and the further delays resulting from COVID-19. When New Zealand finished the first lockdown in May, regulators indicated that proposed law changes would be delayed due to COVID-19 but remained optimistic that progress could be made towards the end of this year. However, with the second lockdown for Auckland in August, further delays are expected. In the current climate, financial institutions are still expected to support their customers during the continuing COVID-19 pandemic...

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Cyber Attacks and the Insurance Response
MinterEllisonRuddWatts, October 2020

New Zealand’s stock exchange, NZX, recently suffered cyber-attacks on six consecutive working days. The attacks left it unable to facilitate trading in shares, in its debt market, the Fonterra shareholders’ market and derivatives market, although participants remained able to conduct direct, negotiated trades. The NZX attack is typical of cyber-attacks against businesses which are becoming increasingly common. What do these attacks involve? The attacks were “distributed denial of service attacks” or DDoS...

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COVID-19 Alert Levels and the Construction Industry
MinterEllisonRuddWatts, August 2020

The COVID-19 Public Health Response (Alert level 3 and 2) Order 2020 came into force at 11:59pm on 12 August 2020, putting Auckland into alert level 3 and the rest of New Zealand into alert level 2. This is the second time New Zealand has experienced the respective alert levels, with parties more prepared and familiar with the requirements and restrictions. Under both alert levels, building and construction work can commence and continue as an essential service, provided that the required health and safety protocols (found on CHASNZ) are in place. There are two key issues currently being discussed in the construction industry...

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