It is becoming increasingly common for directors to provide a personal guarantee (PG), guaranteeing a company’s obligations. Whether the guarantee is to secure a lease, obtain funding for working capital or reassure a supplier, the terms of each guarantee will differ, but the underlying principle remains the same – a personal commitment to ensure the… Read More.

The law governing incorporated societies is changing in a way that affects all societies in New Zealand. If you are involved with an incorporated society, this article will introduce you to the new law and the issues you and your society need to consider. Introduction Many community clubs and organisations operate as societies. Societies can… Read More.

Dispute resolution clauses can be easily overlooked. However, it is always important to consider what processes are specified in your contract before committing. Here we consider one of the potential downsides of an arbitration clause – for the unsuccessful party at least. This is a useful reminder to consider the pros and cons of the… Read More.

Can you even remember why you got one? Did the neighbour have one? Maybe you heard about them at that school fundraiser? Or was it the TV – after all, everyone has a trust! Did it seem like a good idea at the time, but now…well, you never really understood it, you just nodded along,… Read More.