If the executor of your Will or administrator of your estate is
an overseas person, they must apply to the Overseas Investment
Office for an exemption for any residential property to be
transmitted to them. Changes made in October 2018 to the Overseas
Investment Act 2005 (OIA) mean that an estate with an overseas
executor/administrator is likely to be affected by the regime.
By Steven Lee and Rika Louw - 15 Jun 2020
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Following on from last year's round of consultation, the
Government has recently introduced the proposed changes to the
Building Act. The Building (Building Products and Methods, Modular
Components and Other Matters) Amendment Bill has had its first
reading in Parliament and has now been sent to the Environment
Select Committee with submissions due by Friday 10 July
2020. The changes will be particularly important for building
product suppliers and manufacturers and the key changes are
summarised here.
Following on from last year's round of consultation, the
Government has recently introduced the proposed changes to the
Building Act. The Building (Building Products and Methods, Modular
Components and Other Matters) Amendment Bill has had its first
reading in Parliament and has now been sent to the Environment
Select Committee with submissions due by Friday 10 July 2020. The
changes will be particularly important for building product
suppliers and manufacturers and the key changes are summarised
below.
By Andrew Skinner - 8 Jun 2020
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There has been much debate regarding what a fair rental
reduction is under commercial leases where businesses have been
affected by COVID-19. The Government had previously done nothing to
assist either Landlords or Tenants in this situation.
This morning Government have announced a compulsory
rent dispute process where the Landlord and Tenant have been unable
to agree on a fair rent reduction during COVID-19 lockdown, which
requires compulsory arbitration with Government subsidising the
arbitration by about 75%.
By Melissa Higham - 3 Jun 2020
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As earlier signalled by the government, the Property Law Act has
now been amended to the extent that a borrower under a mortgage now
has 40 working days (previously 20 working days) after being served
with a Property Law Act Notice for breach of a loan agreement, to
remedy the breach.
By Tony Johnson - 1 Jun 2020
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We are delighted to announce that Tim Orr has joined the
partnership.
By Melissa Higham - 4 May 2020
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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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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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The Covid-19 lockdown and mandatory distancing rules prevented
affidavits and declarations from being signed 'in person' or before
a solicitor.
By Andrew Steele and Jacque Lethbridge - 20 Apr 2020
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The Government has announced that most, but not all,
businesses can start to open when we shift to Alert Level 3. The
businesses that do open must take health measures to keep their
workers safe and workers must work from home if they can.
Retail and hospitality businesses can only open for delivery and
contactless pre-ordered pick up. Businesses cannot offer services
which involve face to face contact or sustained close contact (e.g.
hair-dressing).
By Andrew Skinner - 17 Apr 2020
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We are delighted to welcome Andrew Skinner to the
partnership. Andrew is an experienced commercial lawyer with
specialist industry experience in building and construction and
franchising.
By Melissa Higham - 4 Feb 2020
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