Global events and their potential effect on the New Zealand economy, the coming election and regulatory trends at home will create an uncertain environment for business in 2017.
Where uncertainty exists, so does the potential for disputes – whether driven by increased economic pressure on counterparties, regulatory scrutiny or new forms of co-ordinated consumer action. Anticipating and having plans to respond to these trends will be important for New Zealand businesses.
This publication looks at trends and insights for New Zealand dispute resolution in 2017.
This year, we foresee:
- increasingly proactive regulatory intervention
- practical implementation of the new health and safety regime
- the continuing evolution and popularity of mediation and arbitration as an alternative to litigation
- continuing attempts to expand third party liability for commercial claims
- ongoing exploration of the use of class actions and third party funding, and
- increased cross-border disputes from a changing global trading order – in particular, Brexit and the Trump Administration's policy reset.
The information in this article is for informative purposes only and should not be relied on as legal advice. Please contact Chapman Tripp for advice tailored to your situation.