Insights & Articles

Interesting insights on various areas of New Zealand law for individuals and businesses alike.
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Banks are tightening their lending requirements, prompting many buyers to explore alternative options like second-tier lending. Mezzanine.
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Second-Tier Lending: Understanding the Fine Print

In today's financial landscape, banks are tightening their lending requirements, prompting many buyers to explore alternative options like second-tier lending. Mezzanine financers and other last-resort money lenders can provide vital financial support, but it's crucial to approach these agreements with caution and a clear understanding of the fine print. After all, surprises are for birthdays, not loan agreements!
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Protecting assets has become important for modern relationships, with the growing importance of prenuptial agreements in safeguarding individual interests.
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The importance of Prenuptial Agreements has increased

Protecting assets has become an integral aspect of modern relationships, with the growing importance of prenuptial agreements for safeguarding individual interests. In June 2023, the New Zealand Supreme Court issued a significant ruling in the case of Sutton v Bell, which centered on Sections 44 and 26 of the Property (Relationships) Act 1976 ("PRA"). This decision marks a pivotal shift in the interpretation of key legal provisions governing property rights in relationships.
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If you're in the process of purchasing a property in Auckland, it's crucial to be aware of the potential limitations that may come with an agent-provided LIM.
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Buyer Beware: The Limitations of Agent-Provided LIMs

Obtaining a LIM is a crucial step for prospective property buyers, but with the cost of a LIM being around $400 and with many real estate agents offering LIMs at no cost, it can be tempting to rely on their convenient provision. However, it's crucial to be aware of the potential limitations that may come with an agent-provided LIM.
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Identify key changes, review your society's rules, draft a new constitution, advice on re-registration, or organisational structure - we offer guidance.
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Incorporated societies: Key changes and compliance

With approximately 24,000 incorporated societies in New Zealand, ranging from substantial business-like entities to modest sporting clubs, the Incorporated Societies Act 2022 ("New Act") influence is far-reaching. Regardless of size, all incorporated societies will be affected, so it is crucial to understand and prepare for the implications of the New Act to avoid potential consequences for non-compliance.
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This article discusses the upcoming New Zealand General Election and highlights the political parties' campaign promises.
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The Impact of the Upcoming Election on Employment Law in New Zealand

We are fast approaching New Zealand's General Election, and the nation's political parties have hit the campaign trail with their visions for the country. Changes are expected not only in the political sphere but also in employment and workplace relations. This article discusses the political parties' campaign promises and provides an overview of some of the parties' plans for the future, with a note that the list is not exhaustive
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Succession, once a straightforward process, is now akin to navigating a minefield. The need for careful consideration and expert advice has never been greater.
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Family Business & Succession Wars!

Succession, once a straightforward process, is now akin to navigating a minefield. With children seeking to cash in on their beneficial interests or shareholdings to fuel their own ventures, the need for careful consideration and expert advice has never been greater.
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The significance of insurance in the context of purchasing a home cannot be overstated. Our property lawyers are well-equipped to assist you.
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Insurance when buying a home

The significance of insurance in the context of purchasing a home cannot be overstated. It is not only a critical component but also a mandatory one when seeking financial assistance from lenders for a home purchase. Lenders need proof of adequate and appropriate insurance coverage before approving a loan drawdown.
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Proposed Changes to KiwiSaver Contributions: What Employers Need to Know
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Proposed Changes to KiwiSaver Contributions: What Employers Need to Know

Is your company deducting the Employer KiwiSaver contribution from your employees' pay? A new Bill, introduced to Parliament on 8 June 2023, aims to revolutionize the employer's role in KiwiSaver contributions.
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Woolley v Fonterra Co-Operative Group Ltd: The Exercise of Contractual Discretion. On 29 June 2023, the New Zealand Court of Appeal delivered its judgment.
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The Exercise of Contractual Discretion

Woolley v Fonterra Co-Operative Group Ltd: The Exercise of Contractual Discretion‍On 29 June 2023, the New Zealand Court of Appeal delivered its judgment in the case of Woolley v Fonterra Co-Operative Group Ltd [2023] NZCA 266. In its judgment, the Court considered the approach to the exercise of contractual discretion in New Zealand, including the test adopted by the United Kingdom Supreme Court in Braganza v BP Shipping Ltd [2015] UKSC 17, [2015] 1 WLR 1661. A summary of the key facts of the matter and important points in the Court's decision follow.
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The death of a spouse or partner is an emotional and challenging time for the one left behind. Handling the Deceased's estate can be an overwhelming task.
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How may relationship property be divided when a spouse or partner dies?

The death of a spouse or partner is an emotional and challenging time for the one left behind. Often left with the overwhelming task of handling the Deceased's estate, the surviving spouse or partner will be unaware of their entitlement under the Property (Relationships) Act 1976 (the "PRA"). Many will opt to taking under the Will, not knowing they also have the alternative option of applying under the PRA for a division of relationship property.
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Testamentary capacity is the legal term used to describe a person's mental and legal capability to create or alter a Will. Many factors may affect this...
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Testamentary Capacity

When constructing a Will a will-maker has the freedom to decide how they wish to distribute their property upon their death, this is known as testamentary freedom. However, this freedom is not absolute. In certain circumstances, such as when a will-maker is said to have lacked capacity when they last made or altered their Will, a Will can be challenged and possibly be declared as invalid.
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Mediating Trust Disputes. Mediation is an alternative solution for settling trust disputes and may be a more advantageous option for parties.
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Mediating Trust Disputes

Countless families across New Zealand place their most valuable assets, such as their property, into a discretionary family trust. However, when a couple separate and each party is a trustee to the same family trust, conflict and disagreement will often arise as to the management and enjoyment of trust assets. Disagreements on internal trust matters have the possibility of turning into time-consuming, expensive and public proceedings in court. Mediation is an alternative solution for settling trust disputes and may be a more advantageous option for parties.
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Separation - What's in a date?

Separation - What's in a date?

Written by:
Peter Fuscic
Vinnie Kumar
When was it over? When to call it quits? When did you say goodbye? Am I separated? What's in a date? In the midst of a relationship breakdown, when you and your former partner are separated is not often a front-of-mind question. However, your separation date can be important information in family law proceedings.
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Setting Aside Relationship Property Contracting Out Agreements

Setting Aside Relationship Property Contracting Out Agreements

Written by:
Peter Fuscic
Niamh Forgie
Entering into a relationship property contracting out agreement ("prenuptial agreement" or "premarital agreement") allows couples to determine together how they would like their separate and shared property divided if separation or death occurs.
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Extension of Time for Sexual Harassment Claims is now Law

Extension of Time for Sexual Harassment Claims is now Law

Written by:
Melissa Johnston
Gus Hardie Boys
The Employment Relations (Extended Time for Personal Grievance for Sexual Harassment) Amendment Bill ("the Bill") has now become law.
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A Reminder of the Duty to Consider Redeployment

A Reminder of the Duty to Consider Redeployment

Written by:
Melissa Johnston
Gus Hardie Boys
One of the considerations that employers need to make when undertaking a restructure and making roles redundant, is whether there are any redeployment opportunities for the impacted employees. See our previous article on restructures, which noted that, "During the consultation phase, you must consider and discuss with the employee whether there are any redeployment opportunities for them within the business, or if there are alternatives to redundancy, such as reducing hours or taking a period of leave".
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Wage Theft - The Crimes (Theft by Employer) Amendment Bill 2023

Wage Theft - The Crimes (Theft by Employer) Amendment Bill 2023

Written by:
Melissa Johnston
Gus Hardie Boys
Employers are generally prohibited by law from withholding an employee’s wages or salary, and other monetary entitlements due to the employee under legislation, with very few exceptions. The Government is now looking to criminalise intentional acts by employers of withholding such payments.
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Getting Restructures Right

Getting Restructures Right

Written by:
Melissa Johnston
Gus Hardie Boys
There have been numerous news articles recently about restructures, loss of jobs, and the impending gloom of 2023. If you are thinking about restructuring, you need to ensure the process is carried out correctly.
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Minimum wage and median wage set to increase

Minimum wage and median wage set to increase

Written by:
Melissa Johnston
Minimum wage will increase by $1.50 per hour from 1 April 2023, and the median wage will increase to $29.66 per hour from 27 February 2023. The new median wage will apply to all Job Check and Accredited Employer Work Visa applications.
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Potential Changes Ahead to Sexual Harassment Claims and Restraints of Trade

Potential Changes Ahead to Sexual Harassment Claims and Restraints of Trade

As well as potential changes to the Holidays Act, see last year's article Changes on the way for the Holidays Act, there are potential changes on the horizon in relation to sexual harassment claims and restraint of trade provisions. We have outlined the details below.
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Protective Costs Orders

Protective Costs Orders

Awards of costs in civil proceedings are at the court’s discretion. The general costs rule is simple: the unsuccessful party is required to pay costs to the successful party. The award of costs is normally made on a 'scale' basis – the scale comprising certain daily rates and certain time allocations for certain steps in a proceeding, both prescribed in schedules to the courts publishes rules of procedures. This, in practice, means that a party to a proceeding will always incur irrecoverable costs to some extent. Much less frequently, awards of costs are made on an indemnity basis, so the unsuccessful party must pay the actual legal costs incurred by the successful party.
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Purchaser Failure to Settle on a Property Purchase: Rights and Remedies

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

Written by:
Brandon Cullen
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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