Shareholders agreement

It comes up quite often, a business is started or bought between family or friends or colleagues, and a company set up to own and run the business.  What you then have is a partnership of people who are now in business together.  Most often these people have not worked together before, and may not…

UTA 2010 – searching the register, enduring proxies, chairperson and transition

The Auckland High Court recently considered an application from Lihua Limited, against Body Corporate 366611, Theta Management Limited and BCS Limited.  The procedural decisions may be of interest to those managing body corporates.  The case concerned the Empire apartment building in Auckland.  It seems to arise out of two management companies operating at the building.  Theta manages…

Long term maintenance plans

See www.dbh.govt.nz to download a template long term maintenance plan for a complex or simple body corporate.  These plans are now compulsory for a body corporate and will need to be provided by a unit owner to a purchaser if they ask for additional disclosure.  Long term maintenance funds are however optional and the body corporate can…