Construction Contracts Act 2002
Making sure you get paid, and on time, is critical if you’re running any business. If you’re involved in commercial or residential builds, the Construction Contracts Act 2002 outlines a...
Buying Into an Existing Business
Buying an existing business is sometimes preferable to establishing one from scratch. This article gives some pointers (but not an exhaustive list) to prospective purchasers to help ensure you get...
Unfair contract terms
New rules regarding ‘unfair contract terms’ will come into effect on 17 March 2015. The rules will apply to ‘standard form consumer contracts’ – that is contracts between a supplier...
Three fundamentals for a successful joint venture
So you’ve been looking at doing with a joint venture with a business partner you know you can trust.
Health and safety reform - increased obligations for directors and managers
The Health and Safety Reform Bill 2014 (which will replace the Health and Safety in Employment Act 1992 and is expected to come into force sometime in 2015) will place...
Key Considerations for Employee Share Schemes
Employee share schemes can be a great way to attract, retain and incentivise staff. They haven’t been widely used in New Zealand, with a big part of the problem being...
Director’s Drawings
“If you are a company director it’s tempting, particularly in a closely held company, to withdraw funds for expenses and to pay yourself as and when you decide that you...
Business sales and earnouts: Five cautionary tips for sellers
So you’ve been negotiating the sale of your business and while you’re confident that it’s going to continue to grow as you’re projecting, the buyer just isn’t sure and you’re...
Supreme Court limits access to insured defence costs
Directors of two collapsed finance companies, Bridgecorp and Feltex, have looked to their directors’ and officers’ insurance policy for their defence costs in responding to claims by investors and receivers,...
Social media in employment
Social media is the new business lunch, promotional pamphlet, business card, word of mouth – the new ‘normal’.