Tim co-leads the firm's investment, funds & savings products and securities practices.
He also specialises in IPOs; funds management products; securities law advice; mergers & acquisitions; commercial and NZX compliance; and restructurings. He is on the NZX Markets Disciplinary Tribunal, the Technical Advisory Group advising the Minister of Internal Affairs on Overseas Investment Act reforms and has been on committees advising the New Zealand Government, NZX and NZX Discipline on law/rule reforms.Tim is ranked as one of two leading investment lawyers in New Zealand in Legal Media Group Guide to the World's Leading Investment Funds Lawyers.
As part of his funds management practice, Tim advises on the establishment, restructuring and compliance of listed and unlisted investment products, including PIE and FDR structures, unit trusts, KiwiSaver schemes, insurance products, cross-border securities offerings, the trans-Tasman mutual recognition regime, New Zealand regulatory requirements for overseas fund managers and futures dealers, and innovative investment products. Tim has advised on a number of IPOs exceeding $6.8 billion in value, including seven of New Zealand’s largest IPOs.
Recent experience
Tim has advised:
- on the establishment of the ASB Cash and Term Funds, and HSBC Term Fund, which are tax-efficient cash and term, bank-account-like PIE products; ASB’s and First NZ Capital’s KiwiSaver schemes; Trafalgar Copley’s Cayman Islands’ hedge fund; Westpac’s Cash Plus Trust and various other unit trusts for AMP, AMP Capital, BT, Equitable, First NZ Capital and Westpac
- on the New Zealand securities law issues share/staple securities purchase offers by ASB listed CBA group (AU$865m), GPT Group jumbo offer (AU$1.7b) and Duet Group jumbo offer (AU$264m)
- BT Investment Management on the New Zealand securities law issues associated with its AU$247m IPO on the ASX (and the associated separation of BTFM’s funds management businesses)
- on restructurings, including News on its Sky Network restructuring (the 2006 NZ Deal of the Year), First NZ Capital on its FNZ wrap business spin out and investment business separation into PIEs, and BT Funds Management on its product consolidation and the restructuring of its retail and wholesale businesses
- ING on the sale of ING (NZ) Holdings Limited (as part of its Australasian group sale to ANZ for A$1.76b), on its acquisition of ANZ National Bank’s funds management and insurance businesses, its Remuera Gardens and Epsom Village assets and its North Eastern Industrial interests, CS Company on its sale to AMP Private Equity, Colonial on the sale of the listed Goodman property trust management rights and Paper Plus on its acquisition of the Books & More chain
- on the NZX listing of investment products, including Barclay’s Celsius NZ Income Fund Series 1; the $650m Westpac NZ Class Share IPO; the Mission Contact Finance redeemable preference share offer; AMP’s WiNZ Fund and TeNZ IPOs, and
- on the NZSX offerings/listings of AMP NZ Office Trust’s $95m MCN rights issue; NGC’s $366m rights issue; the Sky City IPO (through instalment receipts); the Ameritech Telecom offering (NZX’s largest equity public offering) and IPOs for Telecom, AMP, ANZO and Goodman Property Trust; amongst others.