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Publication: Agent News

  • Employment Updates

    14 June 2018

    Sale of Business – Redundancy                          It is easy to overlook the fact that on the sale or transfer of a business many employees may be affected or have their employment terminated. It is important to be aware of, and exercise the ongoing duty of, good faith, which requires an employer to consult with employees where a proposal to sell or transfer all or part of a business might impact ...

  • Removal of Incapacitated Trustees & Vesting Orders in Trust Property

    14 June 2018

    Removal of incapacitated trustees & vesting orders in trust propertyIncapacity is a legal term of art that means a trustee lacks the mental capacity to manage their own affairs. In the context of trusts, this could lead to the situation where an incapacitated trustee is unable to exercise their duties in the best interests of the beneficiaries of a trust. As trustees of a trust are required to act unanimously, this can make it impossible for the trust to be ...

  • Glaister Ennor Graduate Art Awards 2018

    12 June 2018

    Since 2006, the Glaister Ennor Graduate Art Awards have encouraged Auckland’s emerging artists, and each year, we ask Auckland art schools to nominate their top honours and masters students. We then engage art judges to examine the work of all the nominees' entries at an exhibition at Sanderson Contemporary Art Gallery.Glaister Ennor is set to hold another annual Art Awards function. This is our sixth year with our gallery partner, Sanderson Contemporary Art in Newmarket. Our judges this year are ...

  • IMPORTANT ANTI-MONEY LAUNDERING REGULATIONS UPDATE

    31 May 2018

    You may be aware of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (the “AML/CFT” law), which has been in force for some years now. To date, it has mainly affected banks and other financial or investment entities. The purpose of the law reflects New Zealand’s commitment to the international initiative to counter the impact that criminal activity has on people and economies within the global community.From 1 July 2018, lawyers are required to comply with the AML/CFT ...

  • Update on Data Privacy- Privacy Act reform and the European Union’s General Data Protection Regulation

    30 May 2018

    Data is the new currency, and the digital age has transformed the way we interact with the world on a daily basis. The recent revelations of data breaches by popular social media platform Facebook is one example of how much we as a society share information online and how privacy concerns might arise when we do so. This update addresses two significant developments in the area of data privacy that will impact virtually every individual and business in New Zealand.New ...

  • A Timely Reminder – Disclosure and Representations

    7 March 2018

    The principle of caveat emptor, “Buyer Beware” usually governs all property purchases. However, licensed real estate agents are bound by the Real Estate Agents Act (Professional Conduct and Client Care) Rules 2012.Specifically, all licensees are under a positive obligation “not to mislead a customer or client, nor provide false information, nor withhold information that should by law or fairness be provided to a customer or client.”Rule 10.7 states:A licensee is not required to discover hidden or underlying defects in land ...