New Securities Act

 The Government has recently released the proposed draft Financial Markets Conduct Bill (Bill).  The Bill represents a comprehensive review of securities law.  It will replace the existing Securities Act. The Bill removes the troublesome concept of “offer to the public”.  Instead, unless an exemption applies, disclosure is required.  Disclosure is made using a single product…

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Venture capital start up – “ground up” legal structure

Many new business are founded on great ideas.  Often, they find an “edge” or niche in the market that others have not thought of yet.  This is the role of entrepreneurs.  They invariably need help creating a “ground up” legal structure.  The structure will vary depending on the size and sophistication of the business.  A…

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