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Category Archives: Construction Law
Bank Loan Approvals – a word of caution
I wrote the bones of this post in 2013, but its even more relevant now with stories of banks reneging on loan approvals just as the unit settlement date approaches. Basically: Bank loan approvals mean very little if anything especially … Continue reading
Liquidators vs the Humble Subcontractor – Voidable Payments
The NZ Supreme Court has struck a blow in defence of the humble subcontractor today…well…everyone that works on a building site, that is, rather than just subbies. The head contractor and other tradespeople will also benefit from some certainty or, … Continue reading
Fast-tracking Christchurch Earthquake claims from 1 Feb
A welcome practice note was issued just prior to Xmas by Chief District Court Judge Jan-Marie Doogue. The “practice note” can be viewed here for those interested in the details. In essence, from 1 February 2012 Christchurch earthquake related claims … Continue reading
Beware ANZ Commercial Property Loans (the sting in the penalty rate tail)
Just a heads up to the commercial property borrowers out there……we have just received a bunch of ANZ loan documents on a 2/3 loan to value ratio tenanted commercial property where the penalty rate on late payment is between: TWENTY … Continue reading
Business Agreements: Say What You Mean and Mean What You Say
A timely article in the blog of Californian lawyers Albertson & Davidson on lawyers as “insurance” for business. Drafting agreements is specialist work, and easy to get wrong the longer and more complex they get. The only real panacea is … Continue reading
Building Consents stay in the doldrums…
Bob Dey has been checking the building consent numbers and notes that we have now experienced three months of less than 1,000 consents per month. We do expect that will inevitably pick up once Christchurch demolitions & consents pick up, … Continue reading