Raising capital from existing investors and the public can be challenging, particularly when you are facing the numerous requirements of the Financial Markets Authority (FMA) and related financial markets legislation. However, when done properly, the result can be massively successful for all involved. Cavell Leitch recently advised Shopping Centre Investments Limited (SCIL) with their public capital raise. SCIL owns ‘The Hub’ shopping mall in Hornby. The result was phenomenal with SCIL raising their target of nearly $14 million in less than 3 weeks on the market. This was achieved through great insight, planning and performance from the directors and their advisors.
From 1 March 2017 new legislation has brought about change in civil procedure. Our District Court, High Court, Court of Appeal and Supreme Court are now all governed by new Acts.
Whilst the overarching legislation concerning our courts has been reorganised, the substantive changes within the legislation are less monumental.