Default Interest

Default interest is a higher interest rate which is payable if a party to an agreement fails to fulfil an obligation to the other party. Typically, commercial arrangements, settlements and the vast majority of loan agreements contain default interest clauses. Default...

Cloud Storage

The idea of cloud storage has become more pertinent over recent years given the exponential advancement of technology. More businesses endeavour to have more ‘paper-less’ environments with the view to creating more efficient, not to mention tidier, storage systems....

Enduring Powers of Attorney – Recent Changes

Amendments to the Protection of Personal and Property Rights Act 1988 introduced plain language forms of Enduring Powers of Attorney (EPA) and standard explanation documents outlining the effects of appointing an attorney. These changes came into effect on 16 March...

Auction Preparation

Property is often purchased and sold in New Zealand, particularly in a seller’s market, via auctions. However, buyers frequently under prepare for an auction and are caught out when the hammer falls. When purchasing at auction, a buyer is making an offer...

Protecting your trading name

The reputation of your business may be its most valuable asset. You have worked hard to develop your brand, so it makes sense that you also know how to protect it. In New Zealand you can call your business anything you like. That name is known as a Trading Name....