In this issue we explain why having robust Terms of Trade can help if your company is placed into liquidation, we look at the government measure to ensure people buying and selling residential property for profit pay their fair share of tax, and more.

If you would like to talk about any of these topics, or any other legal issue, please Contact Us.

Terms of Trade

Ensure your Terms are robust

Despite a post-quake construction boom in Christchurch, an unprecedented number of building firms are going bust. Reports surfaced earlier this year of nearly 100 rebuild-related companies having been placed into liquidation since the February 2011 earthquake, owing tens of millions of dollars. Some relatively high profile companies have fallen victim in recent times, emphasising that even large, wellestablished businesses are not immune to poor management and the vagaries of the rebuild market... Continue reading

Budget 2015: Introduction of the ‘Bright Line’ Test for Property Investors

This year’s Budget, delivered on 21 May, contained few surprises and, generally speaking, little of significance for business. The Budget did, however, confirm that the government will increase measures to ensure people buying and selling residential property for profit, including overseas buyers, pay their fair share of tax... Continue reading

Business Briefs

• New avenue for capital raising – small offers exclusion... Continue reading
• Cooking up a storm: the zero hours contracts debate... Continue reading
• Parent company liable for debt of subsidiary company in liquidation... Continue reading