Quay Law Legal Articles
The Unit Titles Act 2010 and your property (July 2011)
The Unit Titles Act 2010 (“the Act”) came into force on 20 June 2011. The majority of the provisions of the Act apply from that date, and the other provisions apply from the end of a 15 month transition period which started on 20 June 2011 and will end on 1 October 2012. The purpose of the transition period is to give bodies corporate the opportunity to prepare for the new default body corporate operational rules ... click here for full article
Conveyancing - The Process of Buying a Home (June 2011)
Buying or selling a home is one of the biggest financial commitments you will ever make. There are several relatively complicated stages to negotiate and there are a number of things to look out for. In New Zealand there are several ways to sell and buy a home, including: auction, tender, advertised/ fixed price or by negotiation. This article includes information on preparing an offer, the sale and purchase agreement, satisfying conditions and more. click here for full article
Purchasing a Business - 2010 Legal Article
The decision to purchase a business is both exciting and daunting. On the one hand it signifies the start of a new venture, yet on the other it raises the uncertainty and risk inherent in any commercial undertaking. You may also be unsure as to whether to buy an existing business or to start your own from scratch. Generally speaking when you buy an existing business, there should be existing customers from day one which will ensure an instant cash flow. However if you start from scratch, then you will need click here for full article
Conveyancing - Types of Property Ownership in New Zealand - 2010 Legal Article
One of the questions frequently raised by the potential property purchasers and investors pertains to the type of property ownership involved in a property transaction, so I thought that it would be useful to set out the most common forms of ownership below.
1) Fee simple: This represents a form of freehold ownership and in essence represents absolute ownership of the property. click here for full article
Presentation on Proposed changes to New Zealand
Trust Law currently under review - 2011 Legal Article
The proposed abolition of Gift Duty together with major changes to qualifying companies and the Law Commissions re-examination of trust law will mean this (2011) will be a momentous year for those with trusts / family trusts. click here for full article
Legal Entities available to you for your New Zealand Business
A key aspect in this process is necessarily the choice of the most appropriate purchasing entity. It is important that you obtain the requisite advice from both your NZ lawyer and accountant, as they will be in a position to explain issues such as limited liability protection, tax and succession planning to facilitate an informed decision being made. There are four main entities that are predominantly used to operate businesses in New Zealand, namely the sole proprietorship, partnership, limited liability company and trading trust... read more. click here for full article