The Overseas Investment Act (
OIA) modifications removed the ability for
most foreigners to own New Zealand residential land. The changes
impact any interest in residential land acquired from 22 October
2018 onwards. Although there are a few exemptions from the new
restrictions, they are limited. Several years later and
we still see misunderstanding about the OIA
restrictions.
By Lee Harris - 22 Feb 2022
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Caveats are a useful tool for protecting your interest in
a property. Once you register a caveat on a property, it prevents
the property owner from selling and notifies the public that there
is another interest in the land.
By Kiren Narayan - 17 Feb 2022
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Sunset clauses are conditions included in agreements to
provide purchasers, and sometimes vendors, the ability to cancel an
agreement by notice if a specific event has not occurred by a
certain date (i.e. the sunset date).
By Eesha Karamchandani and Gaanesh Seger - 10 Feb 2022
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This month we welcomed Kiren Narayan back to the firm. Kiren
re-joins us as an Associate in the litigation team.
By Geoff Hardy - 26 Jan 2022
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Angus Rogers retires as a lawyer on 24 December this year
after working in legal offices for over 50 years. So much has
changed in that time.
By Melissa Higham - 22 Dec 2021
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Tara
Grant and Telise Kelly recently presented a paper
titled The Trusts Act 2019 - through a Relationship Property
Lens (via video due to Covid restrictions) for the 2021 Family
Law Conference held in Wellington. Tara and Telise provided a
practical road-map for trustees and beneficiaries wanting to ensure
a trust is properly being administered for the benefit of all
beneficiaries. Tara's focus being on trustee duties and disclosure
obligations in the event of separation and Telise providing
specialist analysis as to how the Family Court may help if trustees
"don't play ball".
By Tara Grant - 1 Dec 2021
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The COVID-19 Response (Further Management Measures) Legislation
Bill obtained Royal assent on 2 November 2021 and the COVID-19
Response (Management Measures) Legislation Act 2021
(Act) is now in force.
The Act makes amendments to various matters arising from the
Covid-19 Pandemic, however the purpose of this summary is to
discuss the changes relating to the Property Law Act 2007
(PLA).
By Vanessa Dew and Andrea White - 7 Nov 2021
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We are delighted to announce that Jacque has today been elected as the
next President of the New Zealand Law Society.
By Mike Worsnop - 15 Oct 2021
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Both landlords and tenants were surprised by the
Government's sudden announcement that it had introduced changes to
help ease the impacts of COVID-19 restrictions on both commercial
and residential tenancies, to take effect from 28 September 2021.
The changes to commercial tenancies had been foreshadowed last year
but did not become law.
By Andrea White - 30 Sep 2021
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As society becomes more inclusive and recognises our
transgender, non-binary, takatāpui and inter-sex couples, our laws
must evolve to do the same.
By Dharsh Nanayakkara - 17 Sep 2021
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