18 – Business Law Newsletter

You’ve received an offer to buy your business – don’t forget to manage your risk!

Whether you have been looking to sell your business for awhile and a great offer finally comes through, or you receive an offer out of the blue that is too tempting to turn down, it is important to remember to check off and assess a number of matters in the context of the offer in order to protect yourself from future legal or financial claims.

Before you sail off into the sunset with the purchase price in your back pocket, ensure your liabilities are cleared and you are not at risk (any more than is reasonable) of claims from the purchaser or another third party.\

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Preparing for the EU’s General Data Protection Regulation

On 25 May 2018 the EU’s existing data protection (ie privacy) legislation will be replaced by the General Data Protection Regulation (GDPR). The GDPR aims to protect the privacy of EU citizens by giving them more control over how, when and why their personal data is used.

The GDPR also has extra-territorial application meaning that it will have serious implications for most of the world, including New Zealand. This newsletter considers the implications for New Zealand businesses that are not present in the EU.

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Business Law Team

If you need any assistance with the sale or purchase of your business, do not hesitate to get in touch with the business law team at Lane Neave.

Gerard Dale, Claire Evans, Graeme Crombie, Evelyn Jones, Peter Orpin, Joelle Grace, Anna Ryan, Elizabeth Neazor, Kristina Sutherland, Danita Ferreira, Jacob Nutt, Angela Sargent, Whitney Moore, Alex Stone, Giuliana Petronelli

 

Disclaimer: The content of these articles are general in nature and not intended as a substitute for specific professional advice on any matter and should not be relied upon for that purpose.