A Question of Property Access

The High Court emphasised in Lyons v Breslin (HC, 7/3/2012) that when a purchaser has knowledge that a property has no drive-on access prior to purchasing the property, except for a shared right of way with a neighbour, and subsequently purchases the property, the purchaser cannot then claim the property is landlocked under section 327 [...]

August 1st, 2012|Categories: Legal Developments|Tags: |

Companies Office Shake Up

On the 1st August 2012, the Companies Office will introduce a series of changes to the fees it charges for its services, including levies to fund the Financial Markets Authority ( FMA) and External Reporting Board ( XRB). The current free service of filing company annual returns will be replaced with a fee of $45.00, [...]

August 1st, 2012|Categories: Legal Developments|Tags: |

Are you Guaranteed?

The Court of Appeal highlighted in Westpac New Zealand Limited v Jaswant Singh Chahil [2012] NZCA 123 that when signing a deed of guarantee and indemnity in a personal capacity and as a trustee, it is imperative to have the obligations of both roles thoroughly explained in the event of default. In this instance, C [...]

August 1st, 2012|Categories: Legal Developments|Tags: |