With the advent of Covid-19, a few aspects of the Government’s proposed overhaul of foreign investment law were expedited and passed into law under the Overseas Investment (Urgent Measures) Amendment Act 2020. One of the main drivers behind this Act was the desire to protect vulnerable New Zealand assets from being sold under “fire sales” to overseas buyers, while also giving due weight to the operation and viability of distressed businesses.
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We expect many businesses and individuals to be assessing the virus' impact on their contractual obligations, including whether the virus excuses a party from its contractual obligations under a force majeure clause or the doctrine of frustration. The flow chart is a resource you can use to help you with that assessment.
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This update provides employers with workplace law guidance in relation to key issues that may concern them regarding the outbreak and Alert Level 4.
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New Zealand is said to have the highest number of helicopters per capita in the world, which is quite staggering: about half of them operate in the tourism industry. So changes in ownership are a fact of life. Whether you are a buyer or a seller, you want to make sure that it is done correctly - both from operational and legal perspectives.
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The United Kingdom Supreme Court has unanimously confirmed that “No Oral Variation” clauses are valid and enforceable in contract law...
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With this being Privacy Week in New Zealand, there being a New Zealand Privacy Bill in train, which would replace the current Privacy Act 1993, and now being only a couple of weeks away from 25 May 2918 on which the General Data Protection Regulation (GDPR) comes into force in the European Union, here's some very high level thoughts on what we might want to discuss when looking at our Bill ...
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A friend asked me the other day what she should do to make sure her cryptocurrency holding was dealt with properly if she died. She's way younger than me, but "you never know", she said. ...
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If you've always wondered what BKBM is, the Reserve Bank explains ...
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