GE Image Gallery 133

Category: Corporate & Commercial

  • Title Defects Holding Your Property Back

    24 July 2020

    Title defects are like one of the many dormant volcanoes that pepper the Auckland region: they sit quietly in the background causing no issues, until one day…Property owners will often not realise their title contains a ”defect” until they want to do something with the property; such as, re-mortgaging, selling, or starting building improvements. Fixing a title defect can be costly and time consuming, and if not resolved correctly, can scupper even the most carefully arranged plans. Luckily, Glaister Ennor ...

  • Review Of All Foreign Business Investment In New Zealand

    24 July 2020

    Under new urgent measures legislation, an overseas person must now obtain a direction order before acquiring any property used in carrying out a business or acquiring any significant interest in a NZ entity. The Overseas Investment (Urgent Measures) Amendment Act 2020 has wide reaching ramifications for any transaction with an overseas connection.COVID-19 brought a number of challenges to the New Zealand economy. Covid-19 has placed businesses under pressure, and one result of that pressure is the fall in value of ...

  • Joint Ventures

    11 February 2020

    Are you working on a business idea with a friend or thinking of developing a business idea with someone as a joint venture?A "joint venture" is not in itself a legal structure, and there is no “law” of joint ventures as such. It describes a joint undertaking carried out in a structure other than a partnership. It can involve a mix of contract and company law and can incorporate concepts from equity and agency law. Due to the absence of ...

  • Contracts of guarantee are ubiquitous in the commercial and personal legal landscape.

    10 October 2019

    In our experience, they are sometimes agreed to as an afterthought when the primary agreement terms have already been negotiated in detail and are just as quickly forgotten when the dust has settled.A contract of guarantee (Guarantee) is a contract under which a person (Guarantor) agrees to answer to another person (Obligee) for the debt default or liability of a third person (Obligor). A Guarantor does not directly undertake the obligations of the Obligor. The Guarantor assumes liability only when ...

  • The differences between an indemnity and guarantee

    30 January 2019

    The differences between a guarantee and an indemnity are often overlooked and underappreciated. Indeed, it is not uncommon for people to mistakenly view the two obligations as synonymous.In commercial transactions, parties are often asked or required to provide a guarantee, an indemnity, or both. These types of obligations can usually be found in everyday commercial contracts such as supply agreements and loan documents.It is, therefore, important to understand and appreciate what the differences are between a guarantee and an indemnity ...

  • Overseas Investment Act – Amendments have legal effect

    1 November 2018

    Amendments to the Overseas Investment Act 2005 (OIA) that restrict certain overseas people from buying residential land in New Zealand reported in our September newsletter came into force on 22 October 2018.The new provisions affect the purchase of land that is rated as a residential or lifestyle property (residential land). This includes apartments, townhouses, and standalone dwellings in use unit title developments.The effect of the amendments requires overseas persons to obtain consent from the Overseas investment Office (OIO) under the OIA ...