Two recent High Court decisions delivered conflicting results on the ability of the Financial Markets Authority to bring about a company's forced de-registration from the Financial Service Providers Register. Both cases involved appeals against proposed de-registration by a financial services company that was registered in New Zealand, but had its substantive operations offshore and no New Zealand customers.
In 2010 and 2011 the Canterbury region suffered several major earthquakes, resulting in severe destruction. The insurance industry has spent the following years dealing with unprecedented property claims. The Supreme Court and the Court of Appeal recently decided a number of important cases regarding earthquake insurance which will shape New Zealand insurance law for decades to come.