by AlexanderDorrington | Sep 22, 2011 | Business Law, General property Law, Subdivisions
A number of property subdivisions completed within the last 2 or 3 years were originally pre-sold at levels well above market value at the time of settlement. This is no surprise to any of us who have lived through the GFC and its impact on the property and finance...
by AlexanderDorrington | Sep 21, 2011 | Business Law
The Government has recently released the proposed draft Financial Markets Conduct Bill (Bill). The Bill represents a comprehensive review of securities law. It will replace the existing Securities Act. The Bill removes the troublesome concept of “offer to the...
by AlexanderDorrington | Aug 3, 2011 | General property Law, Sale and Purchase, Subdivisions
Agreements for sales off the plans will include sunset clauses – or "twilight" clauses as a client called them the other day. I like that new name it seems more accurate somehow. They will also be subject to s225 of the Resource...
by AlexanderDorrington | May 27, 2011 | Fresh Business Thinking, Subdivisions
We were interested to hear that the investor migrant policy is changing with effect from 25 July 2011. Residential property will be an "acceptable investment" for migrants relying on the ‘investor’ category to seek residency in NZ. The migrant’s own house...
by AlexanderDorrington | May 27, 2011 | General property Law, Leasing
Lessors are encouraged to take a lot of care and attention when cancelling leases under the Property Law Act 2007. The Supreme Court’s decision on 10 May 2011 in Ingram & Knee v Patcroft Properties Limited shows that care and attention is very important. The...
