The novel coronavirus / COVID-19 pandemic continues to cause mass disruption across the globe, with the extent of the damage yet to be understood. It has led to businesses examining their business models, cutting expenses and re-negotiating contractual relationships. It is hoped that, in this time, people and entities try to work together for general survival, rather than focussing on black letter law. However it is important to know how your contracts work, and your potential options. It is also important to prepare, commercially and legally, for the next black swan event.
The Franchising Code of Conduct (Code) is a mandatory code that is prescribed under the Competition and Consumer Act 2010 for the purpose of the conduct of franchisors and franchisees, largely by requiring franchisors to disclose specific facts to franchisees and to follow set procedures in their dealings with franchisees.
New anti-avoidance rules came into operation on 29 June 2013 and are applicable in relation to tax arrangements that commenced on or after 16 November 2012, being the date on which the draft legislation was released for public comment.