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Issues to consider and steps to take when winding up a trust

In deciding whether to wind up a trust the trustees should take into account the circumstances of the beneficiaries of the trust, the terms of the trust deed and obtain legal and tax advice. This article sets out some of the reasons why you may want to wind up a trust, matters that should be checked before winding up a trust, and the steps that need to be taken to wind up a trust.
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New war on NIMBYs

New Zealand’s urban areas could look very different in the coming years if a sweeping townhouse bill passes into law.
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Rent Abatement – Levelling the playing field

Changes to the Property Law Act mean that tenants may now be able to claim a rent abatement even when the lease agreement does not provide for this. In this article Laura Fischer sets out the changes and what it means for landlords and tenants.
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The Importance of Shareholder Agreements

When you are entering into a new venture the opportunities seem endless and everyone is positive about goals and working relationships. However, as we unfortunately see so often in our litigation team, things do not always go to plan. A well drafted shareholder agreement can be worth its weight in gold when working relationships sour.
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Incorporated Society Dispute Resolution – What options do you have?

We often have enquiries from clients or prospective clients relating to disputes within an incorporated society that they are affiliated with (e.g. as members or serving on society committees). People often ask us what they can do to resolve these disputes and how they can make claims when the society leaders are not acting in the best interests of the society. This article sets out the different options available when there are disputes within an incorporated society and highlights some deficiencies in our current law.
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Land covenants that last – a brief review of recent attempts to modify land covenants

Recently the media has given some attention to circumstances where an owner of property has (or would have but for a settlement reached) been able to modify a land covenant using the provisions of s317(1) of the Property Law Act 2007 (PLA). In most instances, if you have a land covenant registered against the title to your property, it is there forever and cannot be modified or extinguished. This article looks at recent cases attempting to modify land covenants.
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Ready to open your bar or a bottle store?

So, you have finally decided to open a new bar or a bottle store with the aim of creating more job opportunities and helping the economic recovery post Covid19 lockdown. This article focuses on the importance of completing a thorough due diligence before you purchase the property or sign a lease agreement. This article also highlights issues that new applicants, as well as existing licensees, are facing in terms of application processing times post Covid19 lockdown.
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