COVID-19. Contracts and performance flowchart
COVID-19. Contracts and performance flowchart
05 April 2020 | By  Karl Stolberger  | Michael Busch
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. Read More →
COVID-19. Contracts and performance flowchart
COVID-19. Contracts and performance flowchart
05 April 2020 | By  Karl Stolberger  | Michael Busch
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.
Read More →
COVID-19. The Government’s response to corporate insolvency
COVID-19. The Government’s response to corporate insolvency
05 April 2020 | By  Liam Closey
On Friday, 3 April 2020, the New Zealand Government announced changes to the Companies Act 1993 (Companies Act) aimed at supporting New Zealand businesses through the COVID-19 epidemic. The changes in law are to be applied retrospectively from that Friday. In particular, the changes look to ease the pressure on businesses and directors facing solvency issues so as to avoid companies being placed into liquidation prematurely.
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