This article is co-authored by Ryan McMaster and Jessie McKenzie. When buying property or a business, purchasers rely heavily on vendors to provide accurate due diligence information to verify the deal they have struck. But what if their disclosures don’t provide the full picture? In one recent case (Sullivan v Wellsford Properties Ltd), the High…
Negotiating and completing a business transaction, whether buying, selling or recording a commercial arrangement can be anything but a simple and speedy process. As energetic as you may be at the commencement of negotiations, a condition commonly referred to as “deal fatigue” is likely to feature and drive you and your team to unwittingly giving…
An insulation deadline is looming for NZ landlords, but as landlords are familiarising themselves with the regulatory changes, further approved regulations are already on the horizon. As of 1 July 2019, NZ landlords must have installed ceiling and underfloor insulation in their rental homes. Any landlord found to not complying with this regulation could find…
Several employment law changes came into effect on May 6. Individual employment agreements that are not in writing are now an infringement offence under the Employment Relations (Infringement Offences) Regulations 2019. Section 65(1)(a) of the Employment Relations Act 2000 already provides that an individual employment agreement must be in writing. At present an employer failing…
It will be well known to most of our clients that when competitors in business engage with each other, whether generally, or specifically in the context of a proposed merger or sale and purchase of business, it is important to take legal advice and consider the application of New Zealand’s competition law. The purpose of…