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Separation, asset valuation and Covid-19

Separation, asset valuation and Covid-19

Covid-19 has reduced the incomes of many and undermined the value of the family home, business and investments. These effects have made it especially challenging for separated couples attempting to resolve their relationship property issues.

By Dharsh Nanayakkara - 22 May 2020

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COVID response - Safe Harbours and Debt Hibernation Scheme now law

COVID response - Safe Harbours and Debt Hibernation Scheme now law

On 15 May 2020 the COVID-19 Response (Further Management Measures) Legislation Act 2020 became law. This means that two key insolvency measures aimed at addressing the serious insolvency risks arising from the COVID-19 crisis - the "safe harbour" regime and the "debt hibernation scheme" - are now effective in New Zealand.

By Mathew Martin and Bill Gambrill - 19 May 2020

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What are my entitlements if my employer is receiving the Wage Subsidy?

What are my entitlements if my employer is receiving the Wage Subsidy?

The government's Wage Subsidy Scheme is intended to assist businesses retain employees during the COVID-19 crisis by helping the employer to fund those salaries and wages. The scheme has now been extended for a further eight weeks for businesses that meet the new, more stringent eligibility criteria. Businesses will be able to apply for the extended subsidy from 10 June 2020.

By Aimee Elia - 18 May 2020

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Time for a change? Buying a franchise

Time for a change? Buying a franchise

The impact of COVID-19 may be felt for many months to come and will result in a number of people considering a change of direction or career. For some, the prospect of buying a business and being in more control of your own destiny will be appealing.  Franchising will be a popular option for those who have not owned a business before and a number of franchisors have seen their levels of enquiry increase over the lockdown period.

By Andrew Skinner - 15 May 2020

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What are my entitlements to paid leave?

What are my entitlements to paid leave?

New Zealand entered alert level 2 at 11.59 pm last night and with that change, most businesses will be able to open their doors to customers for the first time in six weeks. Schools are also set to welcome back students as of Monday 18 May. While the relaxation of restrictions are welcome, we are not entirely out of the woods yet. Businesses and schools will have strict health and safety management plans in place to reduce the potential spread of COVID-19. For some people, this will mean they cannot attend work/school if they are unwell, or until they have been tested and cleared for the virus.

By Aimee Elia - 14 May 2020

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My workplace is reopening but I feel unsafe returning to work

My workplace is reopening but I feel unsafe returning to work

With the prospect of transitioning to level 2 on the horizon, many people will now be contemplating returning to work albeit under somewhat changed circumstances. Naturally, there will be some concerns around risk management of the COVID-19 virus when employees are engaging with members of the public and fellow employees.

By Aimee Elia - 11 May 2020

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Changes to the Business Finance Guarantee Scheme: Abnormal Lending on Normal Terms

Changes to the Business Finance Guarantee Scheme: Abnormal Lending on Normal Terms

On Friday, 1 May 2020, the Government announced changes to the operation of the Business Finance Guarantee Scheme (BFGS). As readers might recall, the BFGS was introduced as part of its initial economic approach to the COVID-19 response. The specific change announced was that it would no longer be a Government requirement that a bank which was making a loan of more than $50,000 under the scheme would have to take security against the debtor's default by way of a General Security Agreement (security over all of the assets of a debtor in the event of a loan default) - although a bank is still entitled to ask for security if it wishes to do so.

By Bill Gambrill - 6 May 2020

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Tim Orr joins the partnership

Tim Orr joins the partnership

We are delighted to announce that Tim Orr has joined the partnership.

By Melissa Higham - 4 May 2020

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Jacque Lethbridge elected Vice President of NZLS board

Jacque Lethbridge elected Vice President of NZLS board

Martelli McKegg would like to congratulate Jacque Lethbridge, Partner in Litigation for being elected to the Board of the New Zealand Law Society as the Vice-President for Auckland.

By Mike Worsnop - 23 Apr 2020

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Covid-19 - Resumption of building work at Alert Level 3

Covid-19 - Resumption of building work at Alert Level 3

Property owners and builders alike will have welcomed the Government announcement this week that the country will move to Alert Level 3 on 28 April, meaning that most on-site construction work can begin again from that date. The initial joy (and relief) of this news, however, will be quickly tempered by the realisation that it is not going to be business as usual for some time yet.

By Meika McHardy - 22 Apr 2020

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