CORPORATE & COMMERCIAL LAW
February 2011 - The need for a Shareholders' Agreement
Wherever a small to medium sized company has more than one shareholder, even if they are different members of the same family, consideration should be given to the signing of a Shareholders’ Agreement.
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ELDERLY SERVICES & SENIORS LAW
January 2011 - More on Gift Duty
The Government has stated its intention to abolish gift duty, most likely from 1 October this year.
Gift duty has existed in New Zealand in one form or another since the mid 1880s and, in a large part was always considered a deterrent to people transferring ownership of their assets prior to their death in order to avoid death duties.
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December 2010 - Gift Duty to be Abolished
Revenue Minister Peter Dunne announced recently that it is the government’s intention to abolish gift duty effective from 1 October 2011. The announcement follows a review by the Inland Revenue Department to assess the impact of the repeal of gift duty. When the review was first announced by the minister earlier this year an obvious area of concern surrounded the impact the repeal of gift duty might have on other areas of law such as creditor protection and asset tested senior benefits for residential care.
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FRANCHISING FOR FRANCHISEES ARTICLE
February 2011 - Buying a Franchise - What questions will your lawyer ask you?
1. Why are you buying this franchise?
This is a very broad question and when your lawyer asks it, they are looking to gather an understanding of your reasons for entering into the purchase of the franchise. They are also trying to ascertain how much you understand about the franchise, what your obligations will be and how well you have weighed up your options and alternatives.
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RURAL & AGRICULTURAL LAW ARTICLE
November 2010 - National Animal Identification and Tracing (NAIT)
Your neighbour’s prize bull is a hard dog to keep on the porch. Hoping that your cows might succumb to his rugged charms he leaps the boundary fence and lands on your property to try his luck. You telephone your neighbour and make arrangements for the errant Casanova to be retrieved by herding him and the cows into your yards, loading him onto a truck and sending him home.
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