Destruction and leases (again)

There has been another case in relation to the ADLS standard lease clause, which provides the term of a lease shall at once terminate if there is destruction or damage rendering the premises untenantable.  We wrote about an April 2011 decision of the Auckland High Court following a fire in Kingsland (see Destruction and leases).  The latest decision was…

New Securities Act

The Government has recently released the proposed draft Financial Markets Conduct Bill (Bill).  The Bill represents a comprehensive review of securities law.  It will replace the existing Securities Act. The Bill removes the troublesome concept of “offer to the public”.  Instead, unless an exemption applies, disclosure is required.  Disclosure is made using a single product…