Directors of a Company that goes into liquidation or receivership may have a potential personal liability for payment of wages or holiday pay if the Company is unable to pay. Section 234 of the Employment Relations Act gives the ERA the power to order a Director to personally pay outstanding […] Read More›
Sellers of unit title properties are now required to provide mandatory pre-contract and pre-settlement disclosure to prospective buyers. This marks a shift away from the principle of “caveat emptor” or “buyer beware” which has traditionally governed the buying and selling of real estate in New Zealand. Pursuant to the new Unit […] Read More›
Legislation has recently been passed that ensures in the future Waitangi Day and Anzac Day will be observed on the following Monday if the Public Holiday does not fall on a working day i.e. it occurs on a Saturday or Sunday. Prior to the change in legislation Waitangi Day and […] Read More›
The High Court has recently made it clear that co-trustees cannot expect full reimbursement where the other trustee or trustees have been the cause of a loss for which the trustee is liable. In Selkirk v McIntyre [2013] NZHC 575, Selkirk was a trustee of McIntyre’s family trust. The family […] Read More›