With the Covid-19 Level 4 lockdown now in place, we’re receiving queries from both commercial property landlords and tenants seeking to clarify their obligations during this unprecedented event. There is no “one size fits all” answer, and this will depend on the wording of your particular lease. For those with leases using the Auckland District…
Coronavirus (COVID-19), or more specifically, the emergency measures put in place to prevent its spread, is impacting the global economy. Travel restrictions, office and factory closures, and government enforced quarantine requirements have seen substantial business and operational disruptions across the world, and New Zealand is no exception. At a contractual level, the disruption caused by…
A recent article published by stuff.co.nz highlights that many family trusts established in the 1980s and 1990s may no longer be needed due to changes in circumstances and upcoming changes in Trust Law. It is estimated that there are approximately 500,000 Trusts in New Zealand. Trust Partner, Brooke Courtney, agrees that many existing family trusts…