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New People at Glaister Ennor
Peter LiaoPeter Liao is a Senior Associate in the Corporate and Commercial team at Glaister Ennor. He specialises in corporate and commercial law, as well as commercial property. Peter has extensive experience in advising small start-up companies, large international corporate clients, luxury good...
AML
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 commitme...
Body Corporate Business Update July 2018
COST RECOVERY FOR REPAIRS AND MAINTENANCEIn the context of repairs and maintenance, the question “who pays” is often the first – and last – issue to be addressed by a body corporate.The Unit Titles Act 2010 (UTA), confers on bodies corporate the power and duty to repair and maintain common p...
The Anti-Money Laundering and Countering Financing of Terrorism Amendment Act 2017 (AML/CFT Act)
It has been reported by the Justice Department that every year around $1.35 billion of proceeds from fraud and illegal drugs are laundered through New Zealand businesses.Criminals launder money through businesses to avoid detection. Those who finance terrorism to support violent causes also use this...
Getting Paid – Make Sure You Hold the Deposit
As agents are aware, when you hold the deposit and the agreement for sale and purchase is declared unconditional, the standard ADLS/REINZ agreement will allow you to deduct your commission – no risk.However, what happens when you allowed the deposit to be held by a third party, or it was a term of...
Work visa applications for overseas employees and employment law requirements
Employers should be aware of the interplay between immigration requirements and employment law requirements when recruiting from overseas. This is important given the current shortfalls in certain sectors of skilled labour in New Zealand, especially in the construction sector.Often, there will be im...
ACP Cladding and the Suspension of CodeMark Product Certification
In the aftermath of the Grenfell Tower disaster, there has been a renewed focus on the types of cladding used on buildings in New Zealand. This is because the use of Aluminium Composite Panel (ACP) cladding was considered to be a major factor in the speed and spread of the Grenfell Tower fire.Essent...
Employment: Increased Penalties and Awards
In April 2016, legislation changes were introduced, which intended to strengthen the enforcement of employment standards. The aim of the changes was to ensure that breaches of employment standards, such as paying minimum wages, holiday entitlements, and keeping proper wage and time records, are dea...
Regulation of Companies – Proposed changes and consultation
A number of changes to the law regulating companies are being considered by the government driven by changes in people’s behaviour in their use of technology and people’s increasing concerns about individual privacy.One such initiative is the introduction of an omnibus bill Regulatory Systems (E...
Sale of Common Property
Does your Body Corporate have surplus land? If the answer is “yes,” then we can look at whether the sale of common property is a possibility for your body corporate.There are two ways, processes, in which the sale of common property can be achieved. The first is where part of the common propert...