We are committed to keeping everyone safe from COVID-19. From 1 December 2021 until further notice, only people who have confirmed they’ve received two doses of the COVID-19 vaccine will be able to enter our offices – this includes all staff, clients, and contractors.
Read MoreWith the Trusts Act 2019 due to come into full force on 30 January 2021, we have summarised the impact that these changes will have on family trusts.
Read MoreThe COVID-19 Response (Further Management Measures) Legislation Bill (the Bill) provides, amongst many other things, for company directors to have asafe harbour in relation to certain obligations that directors have. The intention of the safe harbour is to enable companies to continue to operate through COVID-19 even if they temporarily have substantially reduced, or even no, revenue.
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COVID-19, and the resulting restrictions on movement of people, has meant that manycontractual obligations are either not able to be complied with, or will be significantly more difficult or expensive to comply with.
So what do you do if you will not be able to comply?
Read MoreCOVID-19 threatens the viability of numerous New Zealand businesses. Despite the range of government assistanceavailable, it is anticipated that many will not survive.
Read MoreThe Auckland District Law Society’s Deed of Lease Sixth Edition (ADLS lease) is commonly used for commercial leases.
As a consequence of the Christchurch earthquakes the ADLS Lease was updated to deal with situations where a tenant could not have access to their premises where there is an emergency. That provision is set out in clause 27.5. The clause provides that a “fair proportion of the rent and outgoings shall cease to be payable from the period commencing on the date the tenant became unable to gain access to the premises to fully conduct the tenants business from the premises until the inability ceases”.
Read MoreOn Friday, 3 April 2020, the Minister of Finance announced that “the Government will be introducing legislation to make changes to the Companies Act to help businesses facing insolvency due to COVID-19 to remain viable, with the aim of keeping New Zealanders in jobs.
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