Phoebe specialises in securities and commercial law and funds management.
Phoebe has a particular interest in financial services compliance and regulatory issues, as well as advising on a range of mergers and acquisitions, most recently with a focus on transactions in the insurance of other regulated sectors. She is also a member of our China desk, with Mandarin language skills.
She is actively involved in advising clients, including banks and fund managers, on the Financial Markets Conduct Act 2013 (FMCA) and the implications for their businesses.
Phoebe joined Chapman Tripp in October 2013 after returning to New Zealand from two years at Linklaters in Shanghai. Prior to this, she worked at another leading New Zealand law firm. Phoebe is recognised as a next generation lawyer in Legal 500 Asia Pacific 2019.
Phoebe has advised:
- ANZ Bank New Zealand on its sale of OnePath Life NZ for $700m to specialist global insurer Cigna Corporation
- Conrad Funds Management Limited on the establishment of the Conrad Investment Scheme and the initial wholesale funds within the Scheme
- Afterpay on the establishment of its New Zealand business (including the full range regulatory compliance obligations)
- on managing the end-to-end compliance documentation and advisory aspects of the establishment of new MIS products under the FMCA, including drafting governing documents, offer documents, services agreements, registry agreements, custody agreements, subscription agreements and investment management agreements
- insurers in relation to their compliance under the Insurance (Prudential Supervision) Act 2010 regime, including in relation to engagement with, and applications to, the Reserve Bank of New Zealand, and their reinsurance arrangements
- on various local and cross border M&A transactions in a range of sectors, including
- The Guardians of New Zealand Superannuation in relation to its acquisition of a cornerstone stake in Fidelity Life
- OnePath Life (NZ) Limited on the sale of its medical insurance business to nib nz Limited
- AUB Group NZ Limited on its acquisition of a number of New Zealand insurance broking businesses, and
- Foundation Life (NZ) Holdings Limited on its acquisition of TOWER Life (N.Z.) Limited, a closed book life insurance business
- on a wide range of matters relating to the FMCA and associated regulations and guidance, including advice to bank, fund manager, financial services and corporate clients on planning, structuring and executing FMCA transition projects, and the licensing regime for market services providers
- a range of financial services sector clients on the full range of legislation affecting financial service providers and their businesses, including the Financial Advisers Act 2008 (and the Financial Services Legislation Amendment Bill), the Financial Providers (Registration and Dispute Resolution) Act 2008, the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (both is relation to Phase 1 and Phase 2 entities), the Real Estate Agent’s Act and the laws relating to non-bank deposit takers
- large New Zealand and international banks, fund managers, insurers and corporates on the compliance requirements of various investment products, including unitised trusts and insurance products, and the launch and distribution of new products
- on the offer of overseas financial products to New Zealand wholesale and retail investors, and
- banks and fund managers on applications to, and negotiations with, regulators, including the Financial Markets Authority, the Reserve Bank of New Zealand and the Ministry of Business, Innovation and Employment in relation to exemptions and lobbying for law changes to facilitate the launch of new financial products for clients.