Monthly Archives: May 2012

THE DARK SIDE OF MORTGAGEE SALES

While our economy recovers from the recent global recession, signs of economic lags continue to make its presence felt through increasing numbers of mortgagee sales. Figures reveal that by November last year, 1,535 properties were brought to market as mortgagee sales compared to just 571 in 2007. The prevalence of mortgagee sales provides an opportunity

By |2022-01-10T15:04:32+13:00May 14th, 2012|

ABOLISHMENT OF GIFT DUTY AND IMPACT ON TRUSTS

The abolishment of gift duty in October last year has changed the nature of asset and estate planning by making it possible to gift unlimited amounts directly to a trust in one transaction. There are however, certain consequences that donors (people making a gift) need to be mindful of when considering the amounts they wish

By |2022-01-10T15:03:59+13:00May 14th, 2012|

DEFAMATION

Defamation claims have been a topic of interest lately with high profile figures such as Chris Cairns and Judith Collins taking legal action against attacks made on their reputations. A brief summary of defamation law in New Zealand and the main points that are needed to pursue or defend a defamation claim are set out

By |2022-01-10T15:03:21+13:00May 14th, 2012|

CHANGES TO CREDIT LAWS

On 2 April 2012, a draft of the Credit Contracts and Consumer Finance Amendment Bill („the Bill‟) was released by the then Consumer Affairs Minister, Hon. Chris Tremain. The Bill seeks to amend the Credit Contracts and Consumer Finance Act 2003 („the CCCFA‟) by introducing the new principle of “responsible lending” in an effort to

By |2022-01-10T15:02:19+13:00May 14th, 2012|
Go to Top