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Third-party funding agreements, an established part of civil litigation overseas, are becoming more common in New Zealand.

Article discusses case which exposed uncertainties arising from amendments to the Construction Contracts Act.

From 1 April 2011, the GST rules for "land" have changed. Contracts for the sale of land need to be amended to deal with these changes. What began as a move to crack down on "phoenix" frauds has resulted in GST being effectively turned off for supplies between registered persons involving land. But this comes with significant compliance requirements. This Brief Counsel explains what you need to know before entering into agreements under the new rules.

The Australian Personal Property Securities Act 2009, and the accompanying PPS register, are scheduled to start operation in May 2011. The Act fundamentally changes the rules governing security interests in personal property in Australia, by adopting a system very similar to New Zealand's. It will bring enormous change to Australian businesses, and will impact on many in New Zealand also. This Brief Counsel is the third in our three-part PPSA series.

A discussion on material adverse change (MAC) clauses, their applications, and when they are best suited.

New Zealand, as Sir Geoffrey Palmer once intoned, is a "very pluvial" country. This abundance has allowed us to be almost effortlessly ‘clean and green’ while supporting one of the most productive land-based economies in the world.

Law Commission is asking whether reform is needed to achieve a fairer balance between the rights of creditors vs partners.

The Passport provides a framework for offering high quality regulated managed funds across participating economies.

The ASX guidance note is a useful supplement to NZX guidelines on how to manage earnings surprises and analyst meetings.

The longstanding view that liquidators are not personally liable for litigation costs has been reaffirmed in two recent decisions, one from the Supreme Court and the other from the High Court.

The proposed Auckland Unitary Plan requires that at least 10% of new dwellings in certain areas must be "affordable".

The 2012 NZ budget aims to strengthen the Public Finance Act to potentially influence the shape of all future budgets.

Gift duty is abolished from 1 October 2011.

The Court concludes that to hyperlink is not to publish and that to hyperlink to a defamation is not to defame.

The Nationals promise a wide-ranging overhaul of New Zealand's competition law as part of its Business Growth Agenda.

The Consumer Law Reform Bill, expected to be introduced into Parliament before the middle of this year, will pick up aspects of the Australian legislation but will not follow it as slavishly as originally proposed.

FMA has issued a draft Guidance Note on effective disclosure to educate the market regarding its rules and expectations.

The Commerce Commission's revised M&A Guidelines do update existing practice to reflect recent case law developments.