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Voidable transactions and contingent liabilities: the latest from the Supreme Court

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The Supreme Court’s decision of David Browne Contractors Ltd v Petterson [2017] NZSC 116 was released this earlier week. Summary In summary, the Supreme Court has held that “due debts” in the voidable transactions regime (s292 of the Companies Act 1993) includes both present and contingent debts. In this case, the directors of a company …

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The Fenton Agreement The Contract That Created Rotorua

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Tourism Gateway The “Thermal Springs District” has always been a tourism hotspot. In the 1870’s the Government sought to gain access to land in the District. Its vision was to create a township that would be the gateway to a thermal wonderland including the world-renowned Pink and White Terraces. The Contract In 1880, 295 members …

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National Policy Statement for Freshwater Management: Take 3

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Minister for the Environment Nick Smith announced on 9 August 2017 that the National Policy Statement for Freshwater Management 2014 (NPSFM) would be amended and gazetted on 10 August 2017.  This represents the third set of amendments to the NPSFM since it was first gazetted in 2011 and then replaced in 2014. Much of the …

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$8M+ for Bay of Plenty freshwater improvements

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The government announced funding yesterday for freshwater improvement projects totalling $44M, with over $8M of that going to projects in the Bay of Plenty region. The grants are the first tranche of funding from the $100M Freshwater Improvement Fund announced last year and were made following a bidding process for the fund which opened on …

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Securing Residential Care Subsidies

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First Mortgage Trust – Securing Residential Care Subsidies Are you approaching, or have you already reached or even surpassed 65 years and are you thinking you may require long-term residential care?  Did you know you could be entitled to a residential care subsidy? Whether you are or not will depend (among other considerations) on the …

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How to Complete a Successful Commercial Construction Project

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Introduction A construction project might be a multi-million dollar commercial complex, a modest residential renovation or something in between, but there are similarities in the reasons why the project is a success or failure. At the heart of a successful outcome is a high level of collaboration between the project, construction and professional teams. Risk …

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