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In a relationship breakup can you get more than 50 percent?

In a relationship breakup can you get more than 50 percent?

Recently I had a new client who in our initial meeting said "my friends have told me I can get more than 50% of the assets". How many people going through a separation have heard the same thing from friends or family who have either gone through it themselves, or heard about "someone" who got more than 50%?

By Fiona McGeorge - 14 Mar 2019

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Who is an 'Overseas Person' under the OIA?

Who is an 'Overseas Person' under the OIA?

Pursuant to the amended Overseas Investment Act (OIA) which came into effect from 22 October 2018, the purchase of residential property by an 'Overseas Person' is subject to consent from the Overseas Investment Office (OIO) unless an exemption applies.

By Genelle Seah - 12 Mar 2019

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What can be done about mistakes made in contracts?

What can be done about mistakes made in contracts?

It is very common for clients to find out that their contract doesn't actually say what they intended, or that they have made a mistake in it. The law provides three ways to remedy such problems.

By Andrew Wong - 6 Mar 2019

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Trusts following death or divorce

Trusts following death or divorce

In Clayton v Clayton, the Supreme Court quashed any residual belief that a discretionary family trust set up by one spouse during a marriage will, in the event of the marriage dissolving, protect 'their' property from a claim by the other spouse.

By Andrew Steele - 1 Mar 2019

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Married at first sight - what will that cost?

Married at first sight - what will that cost?

Everyone loves a good romance story but what does it mean when the relationship ends as quickly as it started? A marriage which ends before its third anniversary is referred to as a marriage of short duration. In New Zealand there are special rules around division of assets for these short relationships.

By Surendra Bennett - 21 Feb 2019

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When can you have more than one welfare guardian?

When can you have more than one welfare guardian?

The Protection of Personal and Property Rights Act 1988 allows the Court to appoint a "welfare guardian" for a person who has lost the capacity to make decisions for themselves in relation to their personal care and welfare. Generally, only one person may be appointed as a welfare guardian. The commonly known exception to this was where there are "exceptional circumstances" which satisfy the Court that it would be in the interests of that person to do so. However, on 14 November 2018, this test changed.

By Kiren Narayanan - 17 Feb 2019

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The dangers of pre-employment trials

The dangers of pre-employment trials

Pre-employment trials can be a useful way to determine whether an employee is suitable for the job. Often, candidates can look good on paper or in an interview, but terrible when they actually 'go on the floor'. This is especially true in the hospitality industry. However, pre-employment trials are fraught with difficulty, as the employers in Mawhinney v SFIZIO Limited discovered.

By Claire Mansell - 11 Feb 2019

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Down-payments and deposits: what happens if they don't deliver?

Down-payments and deposits: what happens if they don't deliver?

Payments in advance (down-payments or deposits) are common in the construction industry. When you place a custom order or hire a builder to commence work on your property, the initial credit risk to the supplier is significant - if you don't pay, they've already shelled out for raw materials and spent time which is irrecoverable. Hence, particularly with expensive designer joinery, appliances or finishes, payment in advance is the norm. But what happens if you don't get what you paid for?

By Telise Kelly - 31 Jan 2019

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The Trusts Bill - what does it mean for you as a trustee?

The Trusts Bill - what does it mean for you as a trustee?

Historically, trusts have been an extremely popular asset planning tool in New Zealand.  With no register of trusts, the exact number of trusts is unknown, however, conservative estimates are that there are between 300,000 and 500,000 trusts in New Zealand.  The changes proposed by the Trusts Bill will therefore impact the lives of many New Zealanders.

By Emma Foster - 22 Jan 2019

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Builders: Do your invoices have the Power of Payment Claims?

Builders: Do your invoices have the Power of Payment Claims?

Have you ever been put off trying to recover a debt because of the legal costs involved? The payment claims and payment schedules regime under the Construction Contracts Act (CCA) may just have the answer for you.

By Kiren Narayanan - 20 Jan 2019

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