Analysis of Common Law and New Zealand Laws: Liabilities and Ventures

This report provides key information about common law and its application within New Zealand's legal framework, focusing on director and shareholder liabilities, the relationship between common law and New Zealand laws, and legal requirements for oral joint venture agreements. It emphasizes the importance of debt management and liquidity for long-term business sustainability and highlights the separate legal entity principle. The report also includes a reflective statement on the research process, challenges faced, and lessons learned, particularly concerning conflicts of interest and the need for harmonization in international business operations. It concludes that adherence to common law principles and maintaining financial stability are crucial for companies to thrive in New Zealand.

COMMON LAW
Common Law
[DATE]

Introduction
This report showcases the key information about the governed laws and the regulation
with respect to the company and applicable laws which directors and legal person should
comply with. In the starting of this report, directors and shareholders liabilities have been
given. Afterward, relationship between the common law and New Zealand laws have been
analysed to identify the issues and challenges which company might face to comply with the
applicable laws. After that Legal Requirements for The Oral Joint Venture Agreement has
been given which reveals the applicable laws of the company which needs to be complied
while entering into the strategic alliance on the international and domestic level. This report
has shown the legal requirements of company which need to be complied if company wants
to sustain its business in long run. Some suggestions have also been given to Maori
incorporation for governing its international management in this report. The directors are the
key person who takes imperative decision on the behalf of the company. The proper liquidity
and debt management is key imperative point if company wants to sustain its business in long
run (Postema, 2017).
Conclusion
After assessing the details and applicable common law, the crux of the report is that if
company wants to sustain its business in long run then it will have to pay off its all short term
and long term debts in time. However, it is found that the court policies in New Zealand is
designed to promote the uniformity among all the people and companies. Directors and
company would be bound by the separate legal entity law and if there is case of conflict of
interest in company then directors would keep themselves separate from that case. It was
done with a view to provide the transparency and mitigating the legal issues in company.
Reflective statement
In this research, I came to analyse several positive and negative impact of the common law
and cases of the conflict of interest on the company. However, I also realised that if company
fails to meet its commitment or fails to pay off its debt amount then it might lead to
liquidation and winding up of company (Brown, 2018). I learned that if company wants to
sustain its business then it must focus on maintaining the proper liquidity in its business. I
also learned the conflict of interest which might arise due to the separate legal entity concept
between company and directors. I learned that if directors is getting caught in the case of

conflict of interest then he should focus on avoiding this sort of situation My experience of
writing of executive summary was really good (Sanders, 2018). I read several cases and
regulatory common law requirements which company needs to comply to operate its
business. I found that each and every country has its own common law and if company wants
to operate its business on international level then there is need to set up proper level of
harmonization in applicable laws and regulation. My process of research for this research
paper was related to use of cases laws, analysing the case studies and evaluating the journal
which assists me to identify issued related to conflict of interest and common law in New
Zealand, I also used several official gazettes and law books (Brown, 2018). I also used some
of the financial books to identify how company could keep its business financial leverage risk
low so that it could meet its liabilities in future. My process was based on the systematic
research data collection process in which I gathered required case laws and books where I
could find material information and details on the case law. After that I first complete my
research paper and then on the basis of same I prepared by executive summary (Bar-Gill,
Ben-Shahar, & Marotta-Wurgler, 2017). My executive summary is the essence of the whole
research which gives idea to reader about the whole research. It is the complete outcome or
synthesis form of my research. It portrays all the relevant details and imperative information
which a reader should read before reading my research. However, I have faced issues related
to analysing the case as in some of the cases, I found issue and contradiction with each other.
I understand the judicial cases and decisions are passed on the basis of the discretion of the
different judges. I learned that we must focus on gathering only relevant data if we do not
want to confuse otherwise confusion in the gathered data may result to manipulation of the
facts and factual (Werden, 2017).

References
Bar-Gill, O., Ben-Shahar, O., & Marotta-Wurgler, F. (2017). Searching for the Common
Law: The Quantitative Approach of the Restatement of Consumer
Contracts. Australia: The University of Chicago Law Review, 7-35.
Brown, A. (2018). The financial reporting of the National Fisheries Corporation of Tuvalu:
The case for alternative indigenous reporting mechanisms. Marine Policy, 88, 93-100.
Postema, G. (2017). Matthew Hale, on the Law of Nature, Reason, and Common Law:
Australia: Selected Jurisprudential Writings.
Sanders, M. I. (2018). Joint Ventures Involving Tax-Exempt Organizations, 2018 Cumulative
Supplement. UK: Wiley.
Werden, G. J. (2017). Cross-Market Balancing of Competitive Effects: What Is the Law, and
What Should It Be. J. Corp. L., 43, 119.