Purchaser Failure to Settle on a Property Purchase: Rights and Remedies

Purchaser Failure to Settle on a Property Purchase: Rights and Remedies

The recent fall in property values across New Zealand has led to numerous purchasers being unable to obtain finance and complete settlement. This leaves both vendor and purchaser in an awful position, with lawyers scrambling to minimise the losses suffered on each side.
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Disclosure Obligations of Trustees to Beneficiaries Under the Trusts Act 2019

Disclosure Obligations of Trustees to Beneficiaries Under the Trusts Act 2019

The Trusts Act 2019 ("the Act") outlines the obligations of trustees in managing family trusts. Information disclosure requirements to beneficiaries are significantly more demanding than previously applied.
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Leases in the Time of Covid-19

Leases in the Time of Covid-19

We have been fielding an unprecedented (but understandable) number of queries from both tenant and landlord clients wanting to understand the legal position in respect of either termination of commercial leases, and obligations in respect of rental/outgoings payments.
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The New Trusts Act and How it Will Affect You as a Trustee

The New Trusts Act and How it Will Affect You as a Trustee

As you may be aware, the Trusts Act ("Act") has received Royal Assent and will come into effect on 30 January 2021. Amongst other things the Act codifies the duties of trustees and requires greater transparency with beneficiaries. It will affect your current trust arrangements. You should consider reviewing, updating and making structural changes to your Trust if necessary, in order to future proof your Trust. The following is a summary of the key changes and how they may affect you.
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Thinking of Buying a Commercial Property?

Thinking of Buying a Commercial Property?

Consider these five tips before entering into an agreement.
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