Articles Related to Commercial

Commercial leases and rent relief during the COVID-19 pandemic
The effect of COVID-19 on New Zealand businesses has been profound. In the wake of the initial Alert Level 4 lockdown in March 2020, followed by several periods of Alert Level changes since then, commercial landlords and tenants were left out of pocket, scrambling to negotiate to reduce or defer rent and outgoings and in some cases, resorting to cancellation.
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Property purchasers beware! Rights of way: How to prevent neighbour warfare

A recent case has highlighted the importance of proper due diligence by purchasers in assessing legal title to a property and, more particularly, the effect of any right of way easement affecting the title.

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BEWARE LENDERS: New due diligence duty & fit and proper person certification for directors and senior managers

From 1 October 2021, directors and senior managers of lenders (i.e. a person or business providing credit under a consumer credit contract, including some mobile traders), must comply with new due diligence duties and obligations under the Credit Contracts and Consumer Finance Act 2003 (the “CCCF Act”).

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Buyers and sellers beware! New Tax Rules 2021: What you need to consider when buying or selling a business
If you are buying or selling a business this year, think carefully about how the purchase price should be allocated to the assets being sold/purchased. 
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Protecting your Personal Information in the Digital Age

From 1 December 2020, the Privacy Act 2020 (“the Act”) will replace the Privacy Act 1993 (“the 1993 Act”). The Act introduces sweeping reform to promote New Zealander’s confidence that their personal information is secure and treated properly by public and private sector agencies.

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Small Businesses and Rent Disputes
Small businesses paying full rent on commercial leases when Covid-19 measures prevented them fully occupying their premises have today been given a pathway to rent reductions in a long-awaited government package released today.
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COVID-19 – New Relief For Small Businesses – Government Small Business Cashflow Scheme

On 1 May 2020, the Government announced a new initiative to help small businesses grapple with the devastation inflicted by COVID-19 and the Government’s response to it: the Small Business Cashflow Scheme (SBCS).

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Covid-19 – Changes to Company & Insolvency Law to help Preserve Businesses
Today the Government announced urgent legislative changes to the Companies Act 1993 (“the Act”) to help companies face the unique challenges presented by COVID-19.
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Commercial Leases - Covid-19 and no access to premises
The spread of COVID-19 in New Zealand and the Government’s response of introducing a nationwide lockdown has meant that all non-essential businesses have closed for the initial 4 week period, preventing many businesses’ access to their premises. The unprecedented circumstances have left tenants and landlords scrambling to assess their obligations under leases, especially in relation to rent and outgoings payments.
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Chasing the Loan Sharks Out of the Water
The Credit Contracts Legislation Amendment Bill (“CCLAB”) received Royal Assent on 19 December 2019, and introduces a number of changes that strengthen the requirements of responsible lending for banks and financial institutions.
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