Clarity and Simplicity – The Trusts Act 2019
New Zealand has a large number of trusts, so the impact of the new Trusts Act 2019, which replaces the Trustee Act 1956 and Perpetuities Act 1964, will affect many New Zealanders.
An Update on No Access Clauses in Commercial Leases
Following the Christchurch earthquake in 2011, tenants who were unable to access undamaged red zone buildings in the CBD could not receive rent relief. This led to an update of the Auckland District Law Society Deed of Lease (ADLS Sixth Edition 2012) which many commercial tenants and landlords use.