Articles Related to Commercial

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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REINZ/ADLS Agreement for Sale and Purchase – Update 2019
Banking on pulling out of purchasing a property? Not so fast!
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Turbulence in the regions 2
In this second article in our three-part series, we look at some of the important changes to aviation law contained in the Civil Aviation Bill. This topic formed part of presentations by Ford Sumner’s Jaesen Sumner and Sarah Churstain at the recent New Zealand Airports’ Conference.
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Turbulence in the regions?
Big legal changes are currently on the horizon for New Zealand’s aviation industry. When the Civil Aviation Bill has its First Reading and is referred to the Transport and Infrastructure Select Committee during the next 18 months, it will represent the culmination of over half a decade of policy work by officials at the Ministry of Transport, begun under the last National Government.
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Trusts Act Overhaul – What You Need To Know
The Government has introduced significant changes to trust law that will impact anyone that is a trustee or beneficiary of a trust in New Zealand.  It is important for trustees and beneficiaries to be aware of the influence the changes will have on their rights and obligations.  In short, trustees will face increased compliance requirements and beneficiaries will receive a greater amount of information about the trust.
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