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Expiry of the 'Safe Harbour' provisions for Company Directors

Expiry of the 'Safe Harbour' provisions for Company Directors

As readers might recall, in early April 2020, at the height (and as part of) the initial response to COVID-19, the Government announced a number of temporary changes to the Companies Act 1993. The changes sought to address the position of companies facing liquidity issues.

By Bill Gambrill - 16 Sep 2020

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'Ready, willing and able' under COVID-19 lockdown?

'Ready, willing and able' under COVID-19 lockdown?

Employers who were unable to access their premises during level 4 lockdown had to grapple with their obligations to employees who were unable to work from home. Many sought advice on this either directly from legal professionals or from the flurry of information that was flooding the online employment sphere at the time.

By Aimee Elia - 9 Jul 2020

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Staff redundancies - how to avoid some of the common pitfalls

Staff redundancies - how to avoid some of the common pitfalls

With economists predicting a significant economic recession, it may be tempting for business owners to start reducing staff numbers. This will be particularly so for those businesses who have been relying on the wage subsidy to pay their employees' wages. However, it is unlikely that simply relying on a potential looming recession will justify making employees redundant in the eyes of the law.

By Claire Mansell - 25 May 2020

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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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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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