Russell McVeagh

Russell McVeagh is pleased to announce that it is expanding into Te Waipounamu South Island with the opening of an office in Queenstown.   Tony Sycamore, director and co-founder of highly regarded South Island law firm Van Aart Sycamore Lawyers, will join Russell McVeagh as a partner on 1 December 2024 and will lead the opening of our new Queenstown office. Russell McVeagh Board Chair David Butler said, "The South Island, and in particular the Queenstown Lakes region, has seen sustained economic growth for a number of years. While for some time the firm has supported and worked with businesses with interests in the South Island, opening an office will enable us to better support businesses in continuing that growth story. The firm is committed to making a positive difference to the prosperity of Aotearoa New Zealand and our move into the South Island is a further demonstration of that commitment." You can read more about our expansion news here: https://lnkd.in/e2-_U5nm #Queenstown #QueenstownLakes #Otago #SouthIsland #Comingsoon

Russell McVeagh is proud to have contributed to the Lexology In-Depth: Virtual Currency Regulation New Zealand, Edition 7, authored by partners Fred Ward and Tom Hunt. This guide provides an overview of recent legal and regulatory changes and developments in the field of virtual currencies, and also looks forward to expected global trends in the area. It provides a practical analysis of developing regulatory initiatives aimed at fostering innovation, while at the same time protecting the public and mitigating systemic risk concerning trading and transacting in virtual currencies. You can view the New Zealand chapter here: https://lnkd.in/e7DvBj-j #Lexology #VirtualCurrencies #VirtualCurrencyRegulations

In Beca Carter Hollings & Ferner Ltd v Wellington City Council [2024] NZSC 117, the Supreme Court considered the relationship between the longstop provision in the Building Act 2004, which prevents claims relating to building work being brought more than 10 years after the act or omission, and the contribution regime. The majority of the Supreme Court accepted the Council's argument that the longstop provision was not intended to affect the right of defendants to claim contribution from joint tortfeasors. Read more on this in our Construction update here: https://lnkd.in/g6vDKBej #ConstructionLaw #ConstructionNZ Michael Taylor | Anna Crosbie | Michelle Mau

Congratulations and good luck to our leading Tax team who are shortlisted for the ITR (International Tax Review) Asia-Pacific Tax Awards 2024, in all 3 New Zealand categories – NZ Tax Firm of the Year, NZ Transfer Pricing Firm of the Year, and NZ Tax Disputes Firm of the Year. These awards celebrate the remarkable achievements and developments by tax professionals from throughout the Asia-Pacific region over the last 12 months. Winners will be announced at the ceremony in London on Wednesday evening. Russell McVeagh is ranked Tier 1 in Corporate Tax for the sixth consecutive year by ITR World Tax 2025, with partners Fred Ward and Greg Neill both recognised as World Tax Leaders. Good luck to all the finalists! #ITRTaxAwards #taxlaw #transferpricinglaw #taxdisputes

Russell McVeagh, led by Ian Beaumont, Hannah Brown and Britney Clasper, is delighted to be supporting the team at Auckland Airport on its $1.4 billion equity raise to help fund its planned capital investment programme. The equity raise comprises an underwritten placement of $1.2 billion and a non-underwritten retail offer to raise up to $200 million, and follows Auckland Airport signing a contract with Hawkins to manage the construction and delivery of a new domestic jet terminal to integrate domestic jet and international services under one roof. Russell McVeagh is proud to be a long-time adviser of Auckland Airport, having worked alongside the team on its prior NZ$1.2 billion capital raise undertaken at pace during the early stages of New Zealand's first lockdown in 2020 among other significant projects. You can read more about Auckland Airport's latest significant transaction in the announcement linked below: https://lnkd.in/eZc5VeNY #equityraise #capitalraise #infrastructure

Our solicitors Michael Evans, Timu Wano, Beth Murfitt, and Shontelle Grimberg attended the 2024 Hui ā Tau (Annual Conference) for Te Hunga Rōia Māori o Aotearoa in Whakatāne at Te Whare Wānanga o Awanuiārangi last week. It provided a space for Māori lawyers, judges and tauira to come together to share their experiences, knowledge, and journeys with one another. The theme of this year's Hui ā Tau was gifted by Tā Hirini Moko Mead which was an extract from a waiata tohutohu (song of advice) composed be Te Kooti Arikirangi in 1884 and emphasised the importance of mana motuhake (self determination of Māori). There was a range of workstreams which included Ture Tauhokohoko (Commercial), Whenua/Te Taiao (Land and Environmental), Te Tiriti (Treaty), Whānau (Family), Taihara (Criminal). Many of the lectures, panel discussions, and workshops were delivered bilingually in both te reo Māori and te reo Pākehā. Russell McVeagh sponsored the keynote session "Tikanga and Te Tiriti in the Senior Courts" with Justice Whata, Justice Tahana and Justice Harvey. It was a very insightful and great session! The evening sessions included the annual tauira Kaupapa Māori Moot and Negotiation competitions, Te Matature inter-rohe kapa haka and the Conference Awards Dinner which were all great opportunities to appreciate the skills and talents of many in the hunga and whakawhanaungatanga over some delicious kai. It was a pleasure to sponsor and for our attendees to be a part of this event. We look forward to the 2025 conference!

On Wednesday evening we had a special night reuniting with many alumni at our London Alumni Function. Board Chair David Butler, together with partners Cath Shirley-Brown, Fred Ward, and CEO Jo Avenell, really enjoyed hosting the event and catching up with everyone there. Thank you to everyone who made it along. If you would like to hear more about the New Zealand market or opportunities with Russell McVeagh, including relating to Russell McVeagh establishing a presence in Te Waipounamu South Island and opening our Queenstown office, please get in touch with our GM of HR Karen O’Leary, or Talent Acquisition Manager Sarah Carrel.

Earlier this week, over 600 sustainability professionals and business leaders gathered in Auckland and online for the Climate Change and Business Conference 2024. Russell McVeagh proudly sponsored the event, and three of our Environmental, Social and Governance experts were in attendance - Head of Climate Change Hannah Bain, Corporate Advisory partner Hannah Wilson-Reddy, and Corporate Advisory solicitor Cameron Wright. In this update, our team shares some of their main takeaways from the conference and, in particular, discussions around the challenges businesses face in Aotearoa as the transition towards a low-emissions, climate-resilient future continues. Click here to read the update: https://lnkd.in/ehRRNJxE #ClimateChangeAndBusinessConference2024 #ClimateChange #ESG

The Reserve Bank has published an issues paper seeking feedback on how it may operationalise its crisis management and resolution powers under the Deposit Takers Act 2023. In our latest Financial Regulation update we summarise the crisis management and resolution powers under the Act and the Reserve Bank's initial thinking on a potential bail-in resolution tool. Click here to view the update: https://lnkd.in/eHMCaYy4 #FinReg #FinancialRegulation #ReserveBank Guy Lethbridge | Sarah DeSourdy Hastings | Tom Bird

In our most recent "Building Knowledge" training series, Restructuring & Insolvency partner Alex MacDuff and David Ruscoe of Grant Thornton provided a rundown of the interface between construction and insolvency. Below, we highlight the six key things R&I practitioners and others in the construction industry should be aware of. Please reach out to Matthew Kersey or Alex if you would like to discuss. The next instalment in our Building Knowledge series will focus on Sustainability in Construction – to join this session on 1 October at 9am, please email [email protected]. #Restructuring #Insolvency #ConstructionLaw #InsolvencyLaw