The COVID-19 pandemic is an unprecedented event in world history. Never before have we encountered a worldwide shut down of economies. The impact of this pandemic is going to be equally unprecedented and the road forward will be paved with uncertainty.
The Business Debt Hibernation Scheme is one of the measures being implemented by the Government amidst the chaos caused by COVID-19. It was announced on 3 April 2020 and changes to legislation are being made to bring it into force.
Part of the Government’s Business Relief package announced on 3 April 2020 was temporary changes to the duties that directors owe under the Companies Act 1993. These changes provide a ‘safe habour’ to directors for companies facing significant liquidity problems due to COVID-19.
Do you need help in recovering a debt? Clients often ask what options they have to recovery money owed by an individual or a business. This article outlines what options are available to you if you need to recover a debt.
The COVID-19 pandemic has had significant financial and operational consequences for employers and this looks set to continue . Unfortunately, as a result, we also expect to see a continued increase in restructure proposals and redundancies. This article serves as a timely reminder as to what employers must demonstrate before undergoing a restructure or redundancy process.
As COVID 19 spreads in New Zealand, it can be daunting keeping up with information and making decisions quickly about how businesses and workers jobs can be saved. In this update we answer questions that have come across our desks about the impact on employment of New Zealanders in these extraordinary times. Our aim is to keep you informed and to answer your questions about what it means for you.
The Construction Contracts Act 2002 required strict compliance in order to recover payments under it. In this article, construction law specialist, Karen Shaw provides a summary of the key requirements to ensure that you get these claims right .
The High Court has recently made its first declaration regarding unfair contract terms. The terms in question were found within a standard form consumer contract used by Home Direct.
When interpreting “Avoidance Policies” in the National Coastal Policy Statement (the NZCPS), the courts are adopting a strict approach that requires absolute avoidance of adverse effects on the values protected. That approach could significantly limit the ability to obtain a resource consent for any activities on and around New Zealand’s coastal area where “Avoidance Policies” are triggered. It could also apply to other resource management areas.
The story of the purchaser who got more than he bargained for. A recent Court of Appeal decision has confirmed that a party who enters a conditional contract has an obligation to do all things reasonably necessary to satisfy the conditions – or suffer the consequences.