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updated shareholders’ agreement template for product companies
We’ve updated our shareholders’ agreement template for product companies as part of a recent spring-clean of our governance templates.
what you need to know about mandatory privacy breach notifications in the new privacy act
This blog post is the first in a series of blogs on recent and upcoming privacy law changes.
updated constitution template
We’ve updated our template constitution. It’s one of our top 20 most popular templates, and has been accessed almost a thousand times this year alone.
a primer on ‘post-money’ SAFEs in new zealand
We look at Y Combinator’s new post-money SAFE and how this impacts founders.
all aboard? : a warning for managing minority shareholders
The recent case of Dold v Murphy shows how important good governance arrangements are where minority shareholders are involved.
fiona mackinnon appointed director
With immediate effect, the board of Kindrik Partners has appointed Fiona MacKinnon as a director of the company.
2020 half year capital raising numbers
Our capital raising lawyers in New Zealand and Singapore have had a busy first half of 2020, even as Covid-19 impacts globally on fundraising.
new employee share option plan templates
We’ve added a new set of templates, giving companies more choice for putting an ESOP together.
simmonds stewart to change name to kindrik partners
From Thursday 16 July 2020, Simmonds Stewart is changing its name to Kindrik Partners.
hello to our new staff
We’re excited to welcome a new senior solicitor and two new graduates to Kindrik Partners.
more tech company investments to be subject to OIO approval
Typically, NZ tech company investment transactions would not have triggered OIO requirements. Now under new rules investors must notify the OIO before the transaction can go ahead.
covid-19 wage subsidy scheme extended to help certain pre-revenue NZ startups
The extension is available to all Kiwi companies subject to meeting the eligibility criteria, which now includes some pre-revenue startups.
kindrik partners advises the last pickle on acquisition by datastax
We’re thrilled to have advised kiwi database consultancy The Last Pickle on its sale to US-based data management company DataStax.
kindrik partners once again recognised as leader in legal innovation
We’re thrilled to be named on NZ Lawyer’s Innovative Firms list for the second year in a row.
impact of covid-19 on the nz startup ecosystem
Kiwi startups are unsurprisingly feeling the strain of the Covid-19 impacts but are continuing to soldier on, according to our recent Kindrik Partners survey.
NZ startup survey: impact of covid-19
Are you a kiwi startup? Click here to take part in the survey. We want to know more about how the kiwi startup ecosystem is being impacted by the Covid-19…
lockdown tips: signing docs and passing resolutions during the covid-19 crisis
Update as at 24 July 2020: Since this blog first went up in April 2020, legislation has been passed confirming (among other things) that parties to security agreements containing power…
help for startups in financial difficulty during covid-19
We cover the new safe harbour provisions for directors around insolvency and what they mean for startups and businesses.
investor directors’ duties and managing conflicts during covid-19
Many of New Zealand’s startups have an investor director on their boards. We’ve looked at areas
for investor directors to think about in respect of portfolio companies experiencing financial difficulties.
covid-19 – can’t perform your commercial contract?
We’ve been fielding calls from several businesses who are worried they are breaching a commercial contract, including major supply contracts on which their business relies. Here’s a few things to think about if that’s you.
how covid-19 could affect your startup’s fundraising deal
If you’re in the middle of a fundraising round, you might be left wondering what the Covid-19 situation means for your startup. We’ve done a quick round-up of things to consider.
an update from us regarding covid-19
Kindrik Partners operates in the cloud and will continue to fully function through the COVID-19 crisis. Our staff are now working remotely. This is to ensure our staff and local…
auckland office on the move
We’ve loved our time in Vulcan Lane but our expanding staff numbers mean it’s time for a move.
boost for NZ startups with launch of NZGCP’s Elevate
The New Zealand Growth Capital Partners (formerly NZVIF) officially launched its $300 million Elevate Venture Fund.
Takeovers Code updated to exclude small unlisted companies
Small cash-poor companies with over 50 shareholders rejoice. New changes to the Takeovers Code mean that it’s now easier for smaller companies to manage their shareholdings without significant administrative and regulatory burdens.
2019 capital raising numbers
It has been another incredible year of deal activity for the team at Kindrik Partners. For the first time, we closed more than 100 deals in a calendar year – 116 deals to be exact across our New Zealand and Southeast Asia offices, up from 92 in 2018.
calling all auckland tech companies looking for interns
We’re about to kick off the application process for our techlaw intern programme in 2020 and we’re looking for Auckland-based technology companies who would like to participate.
Kindrik Partners advises soul machines on US$40m funding round
We helped Soul Machines complete its US$40million series B financing round. As far as we’re aware, this is the largest VC round completed by a NZ company.
venture series: partners for growth
We’re speaking to funds to find out their thoughts the startup and venture ecosystem. This week we’re speaking to Karthi Sepulohniam at Partners For Growth.
techlaw profile – nick goldstein
The techlaw internship programme places law students with fast-growing tech companies. We caught up with Nick Goldstein to talk about his techlaw internship experience.
dealing with data in contracts
If you provide SaaS products or services to your clients as part of your business, this guide is for you. We’ll cover what you need to know if you handle…
Venture Capital Fund Bill
This year’s Budget announced $300m of new Government funding for NZ’s fledging venture capital industry, and Minister Parker wasted no time introducing a Bill to set up a new fund…
Surgical Design Studio raises $4.3m
We are delighted to have advised Surgical Design Studio on its recent capital raise of $4,300,000. Icehouse Ventures led the round, followed by investors including UniServices, Eden Ventures, NZVIF and…
an update from our techlaw 2019 programme
A couple of weeks ago we caught up with our 2019 techlaw interns at our Auckland office. It was a great chance for the interns to share their experiences so…
lessons from British Airways’ massive fine for GDPR breach
The UK’s data watchdog, the Information Commissioner’s Office announced earlier this month that it intends to fine British Airways £183.39 million following a cyberattack against its systems last year. The…
convertible notes on the rise in NZ startup capital raising
Traditionally the vast majority of NZ startup investment deals have been structured as share (equity) investments. NZ angel investor groups, the most active investors in the NZ startups, were wary…
announcing the launch of our new southeast asia website
We are excited to announce the launch of Kindrik Partners’s newly-designed website for Southeast Asian tech companies and startups. We believe in empowering entrepreneurs and tech companies by giving them…
2019 half year capital raising numbers
Our venture capital lawyers in New Zealand and Singapore have been extremely busy for the first six months of 2019, helping clients close 50 capital raising deals by the end…
Atlassian’s M&A term sheet
Atlassian made a splash in the tech M&A world recently by publishing their term sheet for strategic acquisitions. So why has Atlassian gone public with its terms, when acquisition terms…
new series A funding for NZ startups
Last Thursday’s budget included $300m of funding for the NZ tech sector, targeting the country’s venture capital gap. $240 million of the new funding will come from contributions earmarked for the New…
meeting tech companies, founders, and investors at echelon 2019
We’ve recently staffed our first booth at Echelon, one of Southeast Asia’s largest technology and startup events. It was exciting to chat with hundreds of startups, founders, investors, and venture builders over two jam-packed days.
meet the VCs – bringing VCs and founders together at techweek19
We were stoked to have a full house at the inaugural Meet the VCs event at the Generator as part of TechWeek19. It was standing room only for the 100…
kindrik partners announces new partner
We are proud to announce the appointment of long-term team member Chris Wilson as a partner of the firm from 16 April 2019.
angel association NZ template financing documents
Following a consultation with law firms working with startups (with Kindrik Partners representing founders’ perspective), the NZ Angel Association (AANZ) have released new template cap raising documents.
three’s company – our new graduates
We’re thrilled to welcome three new grads to the Kindrik Partners team.
meet the VCs investor line-up
We’re super excited to announce the line-up of international VCs who’ll be attending the Kindrik Partners, Balgarnie van Rooyen and ATEED meet the VC’s event on Wednesday, 22 May at…
reflections on 2018 from our commercial team
As will be clear from our recent blog on financing deals completed in 2018, we like to collect data on the work we do for our tech company clients to…
companies participating in techlaw intern programme 2019
In January we asked tech companies interested in participating in our 2019 techlaw intern programme to contact us. There was lots of interest, and we’re happy to announce this year’s…
meet the offshore VC’s with kindrik partners and balgarnie van rooyen at tech week 2019
Last year, New Zealand saw a big increase in direct foreign investment into our early-stage companies. Some exciting international funding rounds were completed by the likes of Rocket Lab, Soul…
research and development tax credit bill
The R&D tax credit bill (introduced to Parliament in October of 2018) will replace the existing system of Callaghan Innovation R&D grants with a tax credit system. Under the Callaghan…
2018 capital raising numbers
We’ve crunched the numbers and confirmed that 2018 was by far our busiest year for capital raising activity. In total we helped clients close 92 deals. This is a big…
seeking companies to host techlaw interns
Our 2019 techlaw intern programme is getting underway, and we’re looking for Auckland based tech companies who would like to participate. A quick recap on how the scheme works: we…
Earlier this year, our intrepid commercial lawyers were inundated with increasingly panicked enquiries from Kiwi tech companies about GDPR compliance. This got us thinking that there had to be a…
the commercial team is expanding
We’ve been on the look-out for superstars to help Victoria and Averill wrangle commercial contracts around the world. So we’re delighted to report that Georgina Leslie has joined our team…
sale of swipedon to smartspace software
Our Auckland team, led by Julie Fowler, has advised the shareholders of SwipedOn Limited on the sale of their shares to Smartspace Software Limited, a wholly owned subsidiary of Smartspace Software Plc, for $11m in cash and shares.
capital raising numbers – the year so far
2018 has been a bumper year so far for our capital raising lawyers.
the techlaw intern programme in review
We launched the techlaw intern programme this year, which paired law students from the University of Auckland with NZ tech companies for some hands-on work experience. Jude, UniServices, Endace, and 9 Spokes were our hosts.
antworks completes US$15m series A round with softbank
Our Southeast Asian team is pumped after helping Singapore-based artificial intelligence company Antworks complete its series A round in late July.
employee share schemes for nz tech companies [webinar]
We recently held our very first webinar on employee share schemes for nz tech companies.
experian leads $28million series C investment in c88
Our Kindrik Partners Southeast Asia team is thrilled to have advised fintech leader, C88 Financial Technologies, on its $28 million series C investment round led by Experian. The deal represents one of the largest fintech investments ever in the region.
Our lawyers Chris Wilson and Sarah Yen recently advised Singapore-based fintech Bambu on its S$3 million series A round, which closed earlier this month. The round was led by Franklin Templeton Investments, a US…
new southeast asia startup templates
We’re excited to release eight new, free legal templates for Southeast Asian startups: a startup shareholders’ agreement a SAFE a KISS term sheet an advisor share agreement an m&a term…
australian venture debt investor hunting NZ deals
In NZ there is pretty much just private equity between venture capital investment and bank financing. And securing meaningful bank financing is extremely hard for most NZ tech companies – until now.
Kindrik Partners advise on the sale of grinding gear games to tencent
Julie Fowler, assisted by Sarah Yen and Sam Kaelin, has advised the shareholders of New Zealand’s largest game development studio, Grinding Gear Games, on the sale of a majority interest to Tencent, the world’s largest online games company.
new tax rules from 1 april 2018 for employee share schemes
Companies will no longer be able to structure share purchase schemes to have the economic effect of options, while treating increases in the value of shares issued under those schemes as tax free capital gains.
We had a great response to the SaaS cap table survey in our April newsletter, so we’ve decided to create two of our own template cap tables.
GDPR is coming
The European Union’s General Data Protection Regulation (GDPR) comes into effect on 25 May 2018 and represents a big change to current EU data protection laws. The GDPR expands the…
collaboration with company works on a SaaS capitalisation table solution
We’re doing some research. If a SaaS cap table solution sounds like something you’d be interested in, please take some time to complete this survey.
caltex startup accelerator open for entries
Slingshot, an Australian accelerator program that connects large corporates with startups via tailored accelerator programmes, recently announced the Caltex Spark 12 week accelerator. The accelerator will run from May 7 to August 1 in Sydney.
AoG – back in the saddle
We’re delighted to have been appointed to the Gen 2 All of Government external legal providers panel to advise public sector agencies on their IT projects and related issues. In…
We are receiving a lot of enquiries from NZ startups, and more established tech companies, about the legalities of NZ companies raising investment via an ICO.
2017 capital raising numbers
We’re happy to report that 2017, while not quite reaching the heights of the previous year, was still a great year for our corporate lawyers advising on capital raising deals.
NZ regulator updates its guidance on ICO’s and cryptocurrencies
Late in October New Zealand’s Financial Markets Authority (FMA) released guidance on the regulation of initial coin offerings (ICOs) under NZ securities law.
doc makers upgrade
We’ve been super busy upgrading the Kindrik Partners website to make our doc makers more awesome. There are two main changes: users can now access the doc makers (and Word…
conservative guidance on ICOs from NZ regulator
NZ’s Financial Market’s Authority recently released guidance on the regulation of ICOs under NZ securities laws – in particular under the Financial Markets Conduct Act 2013 (FMCA).
launch of techlaw intern programme
As we see it, there are a couple of issues for law grads and the tech sector that need to be fixed fast. The first is that most law graduates…
let’s be clear – negotiating contracts
Howls of outrage in the @techlawnz office generally mean one thing – the other side to a negotiation has not properly marked up the contract. Of course, we follow the…
new templates for NZ angel deals
Kindrik Partners has inspired an Angel Association working group that is aiming to produce a new set of template investment documents for use in NZ angel deals.
SEC initial coin offering (ICO) report
The US Securities and Exchange Commission (SEC) has just issued a report warning that Initial Coin Offerings (ICOs) may be deemed to be securities, making them subject to United States’ securities laws. But what does this mean?
LION startup accelerator open for entries
Slingshot are running the recently announced LION Unleased 12 week accelerator, and are seeking applications from Australian and New Zealand tech startups and scale-ups.
employee share schemes – new IRD reporting requirements
As part of this year’s changes to the tax treatment of employee share purchase schemes, the IRD has introduced new obligations on employers to report benefits received by employees under…
2017 capital raising numbers so far
After our bumper year of capital raising in 2016, we’ve been keeping an eye on the level of capital raising activity amongst our clients as 2017 progresses.
constitution document generator
We are stoked to have completed the automation of our template tech company constitution, using the SaaS platform of Aussie doc automation company ZumeForms.
taxation of employee share schemes for startups
The IRD has released its much-anticipated issues paper on taxation of employee share schemes for startups. This is the third part of a substantial review undertaken by the IRD of…
reflections on 2016 from the commercial team
Each year, while our corporate team releases its stats on capital raising deals and sums involved, the wallflowers of Kindrik Partners (aka the commercial team) simply do what they always…
tax overhaul for employee share purchase schemes
Last week saw the introduction to Parliament of an IRD Bill that will overhaul the tax treatment of employee share purchase schemes. The aim of the IRD’s new rules is to…
2016 capital raising numbers
Our 2016 capital raising numbers are in and we’re pleased to report a big increase in activity over 2015. In total, we helped our clients complete 83 capital raising transactions, up from 43 in 2015.
kindrik partners legal templates now available free of charge to NZ lawyers
Three years ago, we released a suite of 20 free legal templates for download by NZ tech companies. This was a first for a NZ law firm. Since the launch of this free service we have been overwhelmed by the positive response from the tech and wider business community.
kindrik partners advises kfit on M&A deals
We’re pleased to have advised KFit, one of Southeast Asia’s exciting tech startups on its acquisition of Groupon’s Malaysian business.
2016 capital raising numbers so far
We’ve been crunching the numbers on our capital raising activity this year. So far, we’ve completed 50 transactions with another 25 in train, the majority of which will be done…
kiwibank fintech accelerator partners with kindrik partners
Kindrik Partners is delighted to be appointed as the legal partner to the newly launched Kiwibank FinTech Accelerator, powered by Lightning Lab and run through Creative HQ.
capital raising and NZ securities law – an interactive tool
Check out our new interactive tool to help companies better understand the Financial Markets Conduct Act 2013 (FMCA), and demystify one of the more technical aspects of cap raising in New Zealand.
I was lucky enough to attend the Morgo conference in Queenstown last week. The speakers were great – mostly Kiwi entrepreneurs talking about the tribulations and trials of building high growth companies…
foundercon is go!
We’ve enjoyed the great discussion over the last few days about the proposals arising from the Simon Moutter led tour of the Israeli startup ecosystem. One of the issues that…
angel at my table
Every year the New Zealand Software Association holds its annual Angel At My Table event – one of the most popular nights on the NZSA calendar. The event sees four…
simon moutter’s venture capital fund – one VC to rule them all?
It’s great to see Simon Moutter (Spark NZ CEO) proposing a new kiwi VC fund – backed by large NZ corporates, investors and iwi – on his return from a…
As a tech focused law firm, we’re always looking for ways to engage with NZ’s awesome startup and entrepreneur community. As a result, we partnered with BizDojo Wellington earlier this…
kiwi tech companies listing on ASX – kindrik partners advises volpara
We are pleased to have advised Wellington based Volpara on the NZ law aspects of its IPO on ASX. Volpara, which provides digital solutions to improve clinical decision making for…
kiwi tech companies to head to singapore?
We are pleased to have advised New Zealand’s cloud video production company, 90 Seconds, on their $11 million series A round led by global venture capital firm, Sequoia Capital. The…
victoria stewart appointed as CEO
We are pleased to announce the appointment of Victoria Stewart as chief executive officer of the firm, effective from 1 April 2016. Victoria also re-joins the firm as a partner…
2015 capital raising numbers
At the start of each year, we like to spend some time analysing data on the transactions which we worked on in the previous year. The numbers are now in…
‘clbuttic’ find/replace mistakes
In the midst of crawling through 50+ page contracts we do get odd moments of humour. Yesterday’s one was courtesy of Word’s find/replace feature. Find/replace is a pretty useful tool for…
capital raising in the US: advice from paul cameron
The first time I heard Paul Cameron speak was at Lightning Lab Wellington for a fireside chat about his journey with Booktrack. We had many impressive speakers and experts talk to…
john holt on kiwi tech companies who land in the states
In our third blog on capital raising in the USA, I chat with John Holt, co-founder and Chairman of the Kiwi Landing Pad. A serial entrepreneur in his own right,…
welcome averill dickson to our auckland office
The Kindrik Partners team continues to grow this year, and we are delighted to welcome Averill Dickson to our Auckland office. Averill joins us from Simpson Grierson, where she was a…
how carnival mobile raised $2.4m from a dream team of US investors
This is part of our blog series to help New Zealand tech companies who are thinking about raising capital in the USA. In our first interview with Kiwi companies who have…
new compliance requirements for NZ registered companies
From 1 May 2015, new compliance requirements for all companies registered in New Zealand will come into effect. These new compliance requirements and associated key dates are set out below.…
welcoming lee bagshaw to kindrik partners from singapore
We are very excited to welcome English qualified corporate technology lawyer Lee Bagshaw to the Kindrik Partners team. Lee will work as a consultant at the firm until he has completed…
submission to the takeovers panel on small takeovers code companies
The Takeovers Panel is consulting on the cost of legal compliance for small companies that are caught by the Takeovers Code (making them Code Companies). The Panel is interested in…
my fair liability
On Tuesday 17 June a number of important changes to NZ’s consumer law regime will come into effect. This blog discusses a change to the Fair Trading Act 1986(the FTA)…
new employee share schemes exemption starts on 1 April
The Financial Markets Conduct Act exemption for employee share schemes comes into force on 1 April 2014. This is a watershed event for the New Zealand tech sector – finally…
employee share schemes – let’s get cracking ministers!
For years, NZ tech companies and their employees have been held back by NZ’s securities laws governing private company employee share schemes. Overseas high growth technology hubs are fueled by…
Europe gives thumbs up to second hand software sales
A recent European Court of Justice ruling allowing the re-sale of perpetual software licences has been widely reported, and a number of our clients have asked questions about its impact…
always have a deck handy
We work with a lot of early stage and high growth tech companies that have a capital raise in their short to medium term business plans, and we are often…
the dual negotiation approach to ICT procurement
2010 has seen a big uplift in ICT procurement activity in and around Wellington, particularly from the Government sector. A feature of many of the larger procurements has been the…
the source of the problem . . .
The dramas keep coming for Telecom with the collapse of a small software provider who owns the source code on which the XT network is built. The public details are…
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