New retention monies legislation gives better protection
The Construction Contracts (Retention Money) Amendment Act 2023 was passed on 5 April this year with the legislation coming into effect on Thursday, 5 October 2023.
Commercial
Mainzeal decision
Taking on the responsibility of a directorship is not a decision to be taken lightly. For New Zealand directors, the magnitude of the director role has been hammered home with the decision of the Mainzeal case from the Supreme Court in late August
Business briefs
Update on construction contracts retention regime; New obligations for businesses offering Buy Now Pay Later; Large businesses may need to disclose payment practices
Business continuity planning
Serious weather events such as Cyclone Gabrielle have increased the importance of businesses planning for the unexpected.
Budget 2023
A commentary on the 2023 Budget delivered by the Minister of Finance on 18 May.
Business briefs
Employment Court rules four Uber drivers are employees; Facial recognition and the Privacy Act: balancing security and individual rights; Cartel conduct: Commerce Commission warns eight freight forwarding companies
What is the PPSR?
If you or your business leases or sells goods on credit terms, or if you have lent money to a third party, you should seriously consider registration on the PPSR in order to protect your business or yourself.
Letter of intent
A letter of intent, also known as a heads of agreement, is often used by parties before entering into a formal contract. While such a letter can be a useful tool to maintain momentum during a commercial transaction, the document itself has been the centre of many disputes over the years.
We give an overview on why parties may wish to use a letter of intent, and the downsides that could lead to business losses and commercial disappointment.
Business briefs
In this article: Hiring migrant workers: What the new AEWV means for you; Changes to the Holidays Act on the horizon; FMA review of ethical investing highlights need for improvement
Hybrid working
The Covid pandemic has reshaped the way New Zealanders work. Southern Cross Health Insurance conducted a nationwide survey for its Workplace Wellness Report 2021 and found that since the Covid outbreak in 2020, 34% of businesses surveyed have changed their position on remote working and now offer it as an option to employees.