Essentially liquidation is the last stage of a company’s life as it involves the realisation and distribution of a company’s assets and therefore companies want to avoid being forced into liquidation unless there really is no other option. If your company faces the possibility of liquidation it is important to […] Read More›
The Court of Appeal has just confirmed the decision of the High Court, enforcing a conditional contract which was carelessly drawn up. This case [Arcadian Homes Limited (in liquidation) v More to this Life Limited & Others] involved a Sale and Purchase Agreement for a Wanaka property and was conditional […] Read More›
You may not have given any thought to dividing your property after your spouse or de facto partner dies, but you need to be aware that under the Property(Relationships) Act 1976 (“the Act”) as a surviving spouse or de facto partner you have a choice between two options for division […] Read More›
Directors of a Company that goes into liquidation or receivership may have a potential personal liability for payment of wages or holiday pay if the Company is unable to pay. Section 234 of the Employment Relations Act gives the ERA the power to order a Director to personally pay outstanding […] Read More›