News

Holiday Houses

November 23, 2020

With New Zealand’s borders closed and overseas travel restricted for the foreseeable future, many Kiwis will be looking to rent a holiday home for the traditional summer holiday this year. There are plenty of options on sites such as Bookabach, Holiday Houses and Airbnb as well as renting a holiday house privately. Whether you own a holiday home and are looking for some extra income, or you want to rent a place for the whānau Christmas, there are a few things to remember.

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Directorships Mean Significant Obligations

November 23, 2020

Hefty consequences for getting it wrong when company was in financial distress. In September 2020, the Supreme Court released its keenly anticipated decision in the Debut Homes case . This decision illustrates the risks for directors where a company is experiencing irrecoverable financial distress.

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Understanding Your Property Title

October 20, 2020

Before you buy a property it is important that you understand exactly what you are purchasing. Your property title records (or should record) all of the interests that affect your title. That way, you are fully informed about any rights or obligations you may have – before you buy.

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Changes to the Building Act 2004

October 20, 2020

Changes to the Building Act 2004 came into force on 31 August 2020. The changes vary the circumstances under which you are required to obtain a building consent.

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OIO Temporary Emergency Notification Requirement

September 17, 2020

It seems as though the Overseas Investment Office (OIO) has been under constant evolution over the last two years. In June, the OIO enacted a change that now requires all overseas purchasers of New Zealand business assets to submit a notification to the OIO before the transaction takes place — regardless of the asset value. This submission will allow the OIO to monitor and prevent New Zealand asset ownership being unnecessarily diluted due to stressed sales caused by unprecedented economic pressures…

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COVID Relief Roundup

September 17, 2020

Since the pandemic arrived on our shores, the government has made available multiple types of financial relief; more than one may be available to your business. Although applications under the popular Wage Subsidy Scheme ended on 1 September 2020, other options are still available for support if you need it.

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Trustee's Decisions

August 21, 2020

In a recent case, trustees’ decision-making came under scrutiny from the High Court. Lara Unkovich was a young teenager when her grandfather died in 2016, leaving her a share of his estate. Her share was worth around $65,000. Under his will Lara would not receive the funds until she was 21 years old. The trustees, however, had the power to make payments towards her ‘maintenance, education, advancement or benefit.’ The trustees were her aunt Margaret and a lawyer.

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Legal Documents Signed during Lockdown

August 21, 2020

Best to sign again after lockdown to avoid later complications. During the COVID lockdown, special rules applied to the signing of some legal documents. Obviously it was, and is, not possible to have your signature witnessed by someone outside your bubble in Levels 3 and 4. So the law allowed signing over audio-visual link (AVL) and other similar arrangements. While these documents will remain valid in the future, it may be wise to have wills and enduring powers of attorney (EPAs) signed out of…

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Congratulations Tayla!

August 19, 2020

Congratulations to Tayla Yim-Loy who was Admitted to the Bar as a Solicitor and Barrister of the High Court of New Zealand on Friday 14 August 2020, at the Hamilton High Court.

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National Environmental Standards for Freshwater 2020

August 12, 2020

Water was the hot topic in the 2017 election campaign. This year, with an election coming up shortly, there seems to have been little talk of water (or much policy at all, so far) with COVID still taking up most of the news space, closely followed by scandals of various sorts.

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