Port of Tauranga and consortium partners acquisition of Marsden Maritime Holdings

We are delighted to announce the promotion of five lawyers to Senior Associate in our Tauranga team. Partner John Mackay shares, ‘These promotions are testament to the quality of our lawyers and the continued growth of the firm. Holland Beckett now has over 70 lawyers across our Bay of Plenty offices and providing them with career progression and development is a key priority for us. These promotions over several key practice areas strengthen the leadership, capability and depth of our teams.’ Bridget Bailey – Resource Management Bridget advises on all aspects of resource management and local government law, with a particular focus on consenting infrastructure and renewable electricity projects under the RMA and fast-track processes. Bridget provides pragmatic and strategic advice to public and private clients and has appeared in the Environment Court, High Court and local authority proceedings, as well as being appointed as Chair of an expert consenting panel under the Covid-19 fast track legislation. Bridget is a member of the Auckland District Law Society Environmental and Resource Management Law Committee and the RMLA. She is also a committee member Mount Maunganui Playcentre. Bridget first joined the firm 2012. In 2020 she spent 3 years as in-house legal counsel for Bay of Plenty Regional Council. She rejoined Holland Beckett in June 2023. Hester Sutherland-Stacey – Property and Commercial Hester provides expert advice for developers, companies and individuals, with a focus on commercial property development. She advises on a range of property and commercial matters such as acquisitions and disposals of land and businesses; leasing; ownership structures; financing arrangements; and a range of commercial matters including terms of trade, construction contracts and service contracts. She also advises on all residential property matters from family homes to large scale subdivisions. Hester began her legal career working in employment law, civil and regulatory litigation. She joined Holland Beckett as a Solicitor in 2014 in the employment and civil litigation team, before transitioning into property and commercial law. Practicing in these areas provided a strong foundation in legal processes and the practical realities for people and business entities. Hester is a board member of ADAPT (Assisting Different Abilities Peoples Trust). Sophie Law – Employment and Family Sophie advises on a broad range of employment law matters, both contentious and non-contentious. Sophie has particular experience advising on personal grievance claims, disciplinary and performance processes, restructures, negotiated exits, employee investigations, and Holidays Act compliance issues. This includes assisting clients with representation in dispute resolution processes such as mediation and the Employment Relations Authority. Sophie also assists employer clients to implement proper and thorough processes and is focussed on upskilling clients through delivering bespoke training workshops. To complement her expertise in employment law, Sophie also works alongside our family law team advising on relationship property matters. Sophie began her legal career in London, including time at Magic Circle firm Slaughter and May. She joined Holland Beckett as a Solicitor in 2018. Sophie is a Trustee of He Kaupapa Kotahitanga Charitable Trust (HKKT). Jessica Fitzgerald – Corporate Jess has significant experience in a range of complex corporate matters including M&A, private equity, commercial contracts, corporate governance, and general corporate advice/structuring. She provides pragmatic results focused advice for corporate clients as well as small to medium sized businesses. She is a key team member for the firm\'s corporate clients, including Port of Tauranga, Robotics Plus and Oriens Capital. Jess first joined Holland Beckett in 2013, before moving to Vancouver, Canada, in 2016 where she worked in-house at a technology start-up primarily advising on the re-capitalisation of the company and technology contracts. Jess rejoined Holland Beckett in late 2018. Rachel Withington – Property and Commercial Rachel is an experienced property and commercial lawyer, working with private clients and their related entries across all facets of property and commercial law. A multi-disciplinary lawyer, Rachel has expertise is residential conveyancing, along with commercial, rural and horticultural conveyancing and leasing. She advises on asset protection including trust establishment, trust management and trust wind ups, and estate and succession planning. She also advises in elder law, including occupation right agreements, residential care subsidies and loans, reverse mortgages and enduring powers of attorney. Rachel advises commercial clients on sale and purchase of businesses, share sale and purchases, shareholders agreements and has specialist experience acting for Foodstuffs Members on the purchase and sale of New World, Four Square and PAK\'nSAVE stores throughout the country. Rachel began her legal career at Cooney Lees Morgan in 2014 where she worked for over 9 years, before joining Holland Beckett in early 2024. These promotions further strengthen the capabilities of Holland Beckett’s full-service team, which is set to move into new offices in October due to the growth of the firm. 

When a company director signs an agreement on behalf of a company they may also be required to sign a personal guarantee, this means they are accepting personal liability for the obligations of the company. Personal guarantees are common in several types of agreements, for example leases, supply/trade agreements, or loans. They provide additional security for lenders, allowing lenders to bypass a company when there is a breach of the agreement and look to the assets of the guarantor. However, in certain circumstances a personal guarantee may not be enforceable, including when a director has only signed an agreement once, in their capacity as a company director, and not in a “dual” capacity. Where there is only one signature on an agreement, there is a presumption that a person who signs once is signing as an agent of the company – and not in their personal capacity. To hold that person liable as a guarantor, it must be shown that the person signed in a dual capacity: this means that they signed on behalf of the company and in their personal capacity. Factors in Determining Dual Capacity 1. Whether a person has signed an agreement in a dual capacity is circumstantial, however there are factors that assist with determining whether a person has signed in a dual capacity. These include: The structure of an agreement is an indicator of whether a director has signed in a dual capacity. Typically where there is a guarantee, an agreement will identify the contract’s parties – which will include the lender, the company (for example as borrower/principal debtor) and the guarantor. If the guarantor is not a listed party to the agreement this may indicate that the director did not sign in a dual capacity and is therefore not bound by any personal guarantee clauses within the agreement. The description of the signatory is another factor – however, this is not a straightforward indication as to whether a person has signed in a dual capacity.  If the person is listed merely as a “Director,” this typically suggests the signature was made only on behalf of the company. That said, context is important, and “Director” may also be used to describe someone who happens to be bound as a guarantor. The wording of the clause is also a key indication as to whether the guarantee is effective. If the clause includes clear acknowledgements by the guarantor, for example, inserting their name in the clause and/or an express acknowledgement that by signing the agreement they are accepting personal liability as a guarantor, can support enforcement. A guarantee clause may reference a separate document. Overall, the clauses should be read carefully as they may merely be an agreement to obtain the personal guarantee in the future in a separate document. While potentially more difficult to prove, evidence that the personal guarantee clause was explained to the individual prior to signing can support the argument that the individual understood and accepted the dual role. Oral or written statements may be used to demonstrate this, however the main issue with this comes down to evidence. 2. Whether a director has signed in a dual capacity can be a complex issue when there is not a separate signature section. These sorts of issues are unlikely to arise in modern agreements, but may still arise in older ongoing agreements where there is less clarity. Clarity is Key Determining whether a personal guarantee is enforceable when there is only one signature is a fact specific exercise – the language of the clause, the entire agreement and the circumstances need to be considered. A personal guarantee clause may be insufficient on its own to make a director or shareholder personally liable for company debts. For such a clause to be enforceable against an individual, the individual should sign the agreement twice (once in their capacity as director of the company and again in their capacity as a personal guarantor) or the agreement should be clear that an individual has signed in a dual capacity. To avoid any issues, clarity is key. Agreements should be clear when a director or shareholder is committing themselves personally, not just on behalf of the company.

Our corporate and finance team is proud to have advised local robotics company and long-time client Robotics Plus through its recent acquisition by Japan’s Yamaha Motor Company. Partner Ken Hawkes has worked with Robotics Plus founders Steven Saunders and Dr Alistair Scarfe for over 10 years through their journey of development and innovation, to this major milestone. Robotics Plus is a true local success story. The Tauranga based company develops and produces robot vehicles to improve orchard efficiencies, such as the flagship ‘Prospr multi-use autonomous vehicle’. Identifying a need for such products in the horticulture industry early on, the company has grown from strength to strength, with the acquisition by Yamaha Motor Company paving the way for further international expansion and the scaling up of manufacturing. Holland Beckett’s corporate and finance team advised Robotics Plus on the acquisition supported by the employment and commercial teams. Read The New Zealand Herald article here: Yamaha buys Tauranga’s Robotics Plus, unveils big plans Read Robotics Plus release here: Robotics Plus acquisition by Yamaha Motor to enable precision agriculture for growers