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New commercial obligations on the horizon

Against the backdrop of the Ministry of Foreign Affairs and Trade’s new Trade Agenda 2030, which is focussed on continuing to improve opportunities in export markets, NZ will soon effect changes to its commercial legislation. The OECD’s Automatic Exchange of Financial Account in Tax Matters (AEOI) creates an international standard with the aim of reducing [...]

May 5th, 2017|Categories: Legal Developments|Tags: , |

“[T]he same condition and extent as when new”: Myall v Tower Insurance Limited [2017] NZHC 251

This case involved a Christchurch house registered as a historic place, which was damaged in the earthquakes of late 2010 and early 2011. The house was unsafe to enter or repair and had demolished. Tower Insurance proposed to employ modern and cost-effective methods to rebuild the house, rather than using all of the original materials [...]

May 5th, 2017|Categories: Legal Developments|Tags: |

Incorporation of contractual terms: Stephenson Brown Limited v Montecillo Trust [2017] NZCA 57

A recent Court of Appeal case, Stephenson Brown Limited v Montecillo Trust, underscores the importance of ensuring that contractual documents are duly notified to and signed by all parties. The Montecillo Trust (Trust) had, through an agent, hired Stephenson Brown Limited (SBL) to design and supervise construction on a building’s foundations. However, there were no [...]

May 5th, 2017|Categories: Legal Developments|Tags: |