Many people will be familiar with the concept of transferring assets to a trust. The value of those assets or any part that hasn’t been paid being left as a debt owed by the trust to the person transferring the assets. Often couples transfer assets to trusts either before or […] Read More›
Family & Relationship Property
The Court of Appeal has recently upheld a High Court decision which confirmed that the avoidance of a relationship property agreement intended to defeat creditors’ rights cannot improve the position of creditors only to preserve it. This case was very interesting to the extent that the offending provision of the […] Read More›
We increasingly find a move towards simplification of legal documentation which has its merits in many situations but also has potential disadvantages. Often the desire is driven by the client due to a perception that this will save them money and/or because the parties do not wish to deal with […] Read More›
The Court of Appeal has recently determined that a significant payment made to the director of a company in consideration of a very restrictive restraint of trade can be separate property in a relationship property dispute. In the case of Thompson v Thompson CA701/2013 and CA 711/2013 [2014] NZCA 117 […] Read More›