This blog is the second part of an ongoing series exploring the impact of Blockchain on the law. Click here to read part one which addresses the basics of Blockchain technology. The concept of smart contracts dates as far back as 1994, when Nick Szabo, a legal scholar and cryptographer realised the potential for autonomous…
When looking to buy a business, as a purchaser, one of the key decisions you may find yourself faced with is whether to purchase the shares or assets of the vendor company. When purchasing the assets of a business you are purchasing tangible assets (e.g plant and equipment); stock (e.g inventory); and intangible assets (e.g…
Did you know that from today, the much-anticipated Land Transfer Act 2017 comes into force and replaces the 66-year-old Land Transfer Act 1952? The differences between the old and the new Act include changes to common property law terminology. Although their meanings remain the same, below are some of the changes to terminology you may…
Tauranga is growing at a pace we have never seen before. This means our city needs to plan for and invest in infrastructure, land supply for housing and development must keep pace with this. Tauranga City Council and Bay of Plenty Regional Council/Smartgrowth have each respectively released the following consultation documents: Tauranga Urban Strategy (TUS)…
The Overseas Investment Amendment Act 2018 (“Act”) will take effect on 22 October 2018. The Act will prevent overseas people from buying residential property in New Zealand without Government consent by bringing “residential land” into the definition of “sensitive land” in the Overseas Investment Act 2005. Overseas people who buy residential property in New Zealand…