FairWay’s ownership overhaul led by Minters

The transaction, which is unique within New Zealand, could be adopted by other non-core Crown entities, the firm said

FairWay’s ownership overhaul led by Minters
MinterEllisonRuddWatts has helped FairWay Resolution navigate its transition to a new ownership model.

Earlier this month, the nation’s largest conflict-management and dispute-resolution services provider was sold by the Crown to its employees for $6.5m. MinterEllisonRuddWatts helped structure the trust established for the benefit of Fairway’s more than 200 staff and contractors.

The firm’s Wellington corporate team was led by partner Paul Foley. The team advised the FairWay board and management on the transfer of ownership, negotiated with the Crown, crafted the final ownership and governance models, finalised financing for the deal, and established the trust for the new owners.

Foley said the novel transaction could become a model for other Crown entities.

“To our knowledge, the transaction is unique within New Zealand and could be adopted by other non-core Crown entities seeking to realign their ownership with the appropriate delivery of their services, which for FairWay involves independence, customer service, quality and privacy,” he said.


Related stories:
Crown sells NZ’s largest conflict management company
This trend could be a game-changer for NZ’s sliding capital markets

Free newsletter

Subscribe to our FREE newsletter service and we’ll keep you up-to-date with the latest breaking news, cutting edge opinion, and expert analysis affecting both your business and the industry as whole.

Please enter your email address below and click on Sign Up for daily newsletters from NZ Lawyer.

Recent articles & video

Prestige Law announces merger with Meredith Connell

NZ Bar Association applauds re-establishment of early family lawyer access in care disputes

Haigh Lyon brings in new senior solicitor

Over 50% of UK chambers don’t expect to last six to 12 months, Bar Council study finds

WRMK Lawyers appoints new director, promotes new associate

Rising Star gets special counsel nod at Wotton + Kearney

Most Read Articles

Juno Legal’s first Christchurch-based lawyer basks in the benefits of a long break

WRMK Lawyers appoints new director, promotes new associate

Quay Chambers adds fraud specialist to barrister roster

Rising Star gets special counsel nod at Wotton + Kearney