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MinterEllisonRuddWatts

MinterEllisonRuddWatts
MinterEllisonRuddWatts
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  • Judgment Junction | Shareholders lose their right of access to a company's legal advice
    Send us your feedback In this episode of Judgment Junction, Litigation Partner Jane Standage and Senior Associate Olivia de Pont, discuss the Privy Council's recent decision in Jardine Strategic Holdings Ltd v Oasis Investments II Master Fund Ltd No 2 [2025] UKPC 34. This landmark ruling confirms that shareholders do not have the right to access a company's privileged legal advice. The discussion covers the historical context of the "shareholder rule," its criticisms, and the implications of this decision for company directors and shareholders, particularly in the context of increasing shareholder litigation and ESG-related actions.[00:14]: Jane and Olivia set the stage for discussing the Privy Council's decision in Jardine Strategic Holdings Ltd v Oasis Investments II Master Fund Ltd No 2 [2025] UKPC 34[00:53]: Olivia explains the historic "shareholder rule," which allowed shareholders to access their company's legal advice unless it related to hostile litigation against them. Olivia outlines the two essential ideas that the rule is based on:Shareholders indirectly paid for the company's legal advice.The analogy between the company-shareholder relationship and the trustee-beneficiary relationship.[01:47]: Olivia discusses the increasing criticism of the rule, noting the imperfect analogy with trusts since companies have their own legal personality.[02:02]: Jane and Olivia discuss the Privy Council's rejection of the "shareholder rule," aligning with the English High Court's stance in Aabar Holdings SARL v Glencore PLC [2024] EWHC 3046. Shareholders do not have the right to access a company's privileged legal advice.[02:47]: The discussion moves to the implications of this decision for company directors, especially in the context of increasing shareholder litigation. They highlight the growing trend of shareholders buying shares to bring actions against companies, particularly in the ESG space, as seen in the ClientEarth v Shell plc [2023]. [03:17]: Jane and Olivia discuss the rise of shareholder class actions, with examples from Australia, including proceedings against Mineral Resources, Medibank Private Limited, Fleet Partners, Blue Sky Alternative Investments, and FNZ.[04:17]: Jane and Olivia explain that the Privy Council's decision will help protect the sanctity of privilege in companies' legal advice, providing a tool for directors to fend off demands for access to privileged material. They note the potential impact on New Zealand courts in the coming years. Information in this episode is accurate as at the date of recording Wednesday, 6 August 2025.Please contact Jane Standage or Olivia de Pont or our Litigation team if you need legal advice and guidance on any of the topics discussed in the episode.Please don’t forget to rate, review or follow MinterEllisonRuddWatts wherever you get your podcasts. You can also sign up to receive updates via your inbox here.For show notes and additional resources visit minterellison.co.nz/podcasts
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  • Tech Suite | Privacy reform: Preparing for IPP 3A
    Send us your feedback In this episode, Privacy experts Richard Wells and Suzy McMillan discuss the Privacy Amendment Bill, with a focus on the proposed introduction of Information Privacy Principle (IPP) 3A.[01:12] Suzy explains the background and rationale for the introduction of IPP 3A, which is intended to increase data transparency in relation to the indirect collection of personal information and reduce a gap in New Zealand’s privacy laws under the Privacy Act 2020.[04:47] Richard highlights how the reform has also been driven by the need to preserve New Zealand’s ‘adequacy’ status under the EU’s General Data Protection Regulation (GDPR).[06:40] They explore how IPP 3A will operate, mirroring the IPP 3 disclosure requirements in many respects, but introducing additional obligations and specific exceptions that organisations must understand when handling indirectly collected personal data.[08:40] Suzy and Richard review the draft guidance on IPP 3A recently issued by the Office of the Privacy Commissioner (OPC), which emphasises the need for detailed and specific notifications. Agencies will need to clearly state the type of information collected, its purpose, and name the particular recipients, rather than relying on more generic use cases and terminology, or classes of agencies.[12:50] Suzy explains the key exceptions that apply in the application of IPP 3A, when they might reasonably be relied on and how these have been interpreted in the OPC’s draft guidance.[17:45] Richard and Suzy conclude the episode by outlining some key steps organisations should focus on to ensure compliance with IPP 3A when it comes into force on 1 May 2026, including updating data registries, identifying direct and indirect data collection sources, and engaging in a collaborative process with collecting agencies in relation to updating contractual terms and privacy policies.Information in this episode is accurate as at the date of recording, 26 July 2025.Please contact Richard Wells, Suzy McMillan or our Corporate and Commercial team if you need legal advice and guidance on any of the topics discussed in the episode.Please get in touch to receive an episode transcript. Please don’t forget to rate, review or follow MinterEllisonRuddWatts wherever you get your podcasts.You can also email us directly at [email protected] and sign up to receive technology updates via your inbox here.For show notes and additional resources visit minterellison.co.nz/podcasts
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  • Data Room | Dealmaker Series: W&I Broker – Andrew Stubbings, Willis Tower Watson
    Send us your feedback For show notes and additional resources visit minterellison.co.nz/podcasts
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  • Tech Suite | Managing troubled tech projects
    Send us your feedback In this episode, Jane Parker and Hannah Jaques, share practical legal insights on how to effectively navigate tech project disputes.[00:30] Jane and Hannah begin by outlining the initial steps parties should take when signs of tech project trouble begin to appear, such as cost overruns, technical failures, or deviations from the contract.[01:48] Jane highlights the importance of reassessing operational objectives from a commercial perspective once a dispute arises, and how this reassessment can shape the approach to resolution.[04:07] Hannah emphasises, that from a litigation perspective, finding “solid ground” is crucial. This begins by understanding what was contractually agreed (including any contractual variations) to frame the legal context of the issues.[05:08] Jane and Hannah discuss best practices for managing internal and external communications during a dispute to safeguard a party’s legal position and support a favourable outcome, highlighting the roles of discovery and legal privilege in this process.[11:20] Hannah and Jane assess the strategic and legal risks associated with some practical resolution approaches, including withholding or demanding payment, de-scoping or re-scoping timelines and deliverables, and engaging in “without prejudice” discussions.[15:21] They discuss the legal intricacies of termination rights and the risks of getting it wrong, especially when alleging material breach. They stress that obtaining legal advice is the key to avoid inadvertently triggering your own liability.[16:00] Finally, they examine the role of formal dispute resolution mechanisms in tech disputes, considering how factors like confidentiality, timing, and enforceability should inform strategic decision-making.Information in this episode is accurate as at the date of recording, Wednesday, 3 July 2025.Please contact Jane Parker, Hannah Jaques or our Technology team if you need legal advice and guidance on any of the topics discussed in the episode. For show notes and additional resources visit minterellison.co.nz/podcasts
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  • Data Room | Dealmakers Series: KPMG Edward Meredith and David King
    Send us your feedback For show notes and additional resources visit minterellison.co.nz/podcasts
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Welcome to the MinterEllisonRuddWatts' podcast library. Here you will hear from some of New Zealand’s leading lawyers on the latest trends, topics and issues impacting New Zealand businesses today.
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