Auckland Commercial Lawyers And Their Key Areas Of Practices
In a few short words, commercial lawyers are lawyers that handle legal matters for corporate clients in several key areas affecting how businesses are run. In this article, we are going to take you through these keys areas and tell you more about them and some of the commercial legal advice Auckland lawyers can offer.
Commercial law can be divided into three key areas: Corporate transaction, finance and banking, and dispute resolution.
Companies enter into different transactions that obviously require various forms of documentation. Before any of these transactions can be closed, though, a company must ensure that any and all aspects of any one transaction complies with a company’s constitution and, more importantly, be compliant with the laws of New Zealand. Most executives do not know what specific portions of the law have a direct impact on the corporate transactions being closed at any given time so getting commercial legal advice Auckland business owners need is crucial.
Obviously, where money matters are concerned, the law is there to make sure everything works out smoothly. As far as commercial lawyers dealing in finance and banking are concerned, they are there to minimise the risk of exposure of their clients’ finances. Many commercial lawyers practicing banking and finance also have a background in accounting or a related field.
Commercial lawyers specialising in dispute resolution give advice and draft strategies on resolving conflicts with different parties. If any conflict escalates, they act as representatives in arbitration or even in court. Dispute resolution lawyers also advise their clients in other practice areas, especially those who are handling employment issues, and how to minimise potential conflicts in their business deals.
Corporate transaction finance, finance and banking, and dispute resolution are three key practice areas that corporate lawyers specialise in. There are other practice areas, too and these include real estate, tax, and contract negotiations, among others.
If you are about to set up a company, you need a commercial lawyer that has experience in filing the necessary documents with the different authorities. If you are about to enter into a merger with another company, go find yourself a financial and commercial lawyer that has experience in this area.
If you search for it online, you will see that there are many commercial lawyers out there. Of course, not all of them will be able to help you. The ones that can help you are those who are practicing in your local area and specialise in the area that you need help with.
While larger corporations tend usually have a legal department, most companies just hire a lawyer on a retainer basis. Smaller companies enlist lawyers per transaction.
For us, though, it does no matter if you set up a legal department, retain a lawyer or only call one when you need to. What is important is that you have a commercial lawyer on speed dial. We really do not need to tell you, but the corporate world and its myriad of different transactions can be filled with legal landmines that can be avoided. Just make sure the lawyer you hire for commercial legal advice is reputable.