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›
Sellers of unit title properties are now required to provide mandatory pre-contract and pre-settlement disclosure to prospective buyers. This marks a shift away from the principle of “caveat emptor” or “buyer beware” which has traditionally governed the buying and selling of real estate in New Zealand. Pursuant to the new Unit […] Read More›