In this issue we look at why health and safety and personal trusteeships are not a good mix, how to check the primary documents for due diligence, what employment obligations we have in times of natural disasters and much more.
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Health and Safety, and Personal Trusteeships - Not a good mix these days
In the past, articles in Rural eSpeaking have covered the issue of personal liability for trustees, and the dangers facing independent or professional trustees who have little day-to-day involvement in the running of their trust. We have pointed out that the argument that liability shouldn't attach to them, as they are only there as an independent trustee, does not wash with the courts; liability under the health and safety and tax legislation, or the Resource Management Act 1991 is an issue...Continue reading
Due Diligence - Check the primary documents
Due diligence is an important aspect of buying or selling a property, both for the purchaser and the vendor. Decisions are made based on disclosures made in due diligence, therefore it's important for both parties that the documents or information relied on are accurate and correct. Failing to undertake due diligence can have potentially disastrous consequences, as a 2012 case shows...Continue reading
Over the Fence
Post-earthquake property settlement considerations
- Insurance...Continue reading
- Banking - drawdown of lending facilities...Continue reading
- Settlement...Continue reading
Employment obligations in times of natural disasters
Many businesses have been and will continue for some time to be, affected by the recent earthquakes. This causes complications for both employers and employees... Continue reading
Review of Property (Relationships) Act 1976
The Property (Relationships) Act 1976 regulates the arrangements of couples (married, de facto and same sex) and property owned by them. The Law Commission has announced a review of this legislation that will start shortly and go into next year...Continue reading
