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Future proofing your assets: how contracting out agreements can help Future proofing your assets: how contracting out agreements can help

Insight

Future proofing your assets: how contracting out agreements can help

Contracting out agreements, commonly referred to as “pre-nups”, can be an awkward topic to raise with your partner, but they are an essential tool in your asset planning and protection toolbox. Contracting out agreements provide clarity to both parties (or their survivors) in the event that they separate or one or both of them dies. Just like an insurance policy – hopefully you will never need to use it, but it is there if the worst happens!

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A miscarriage of justice A miscarriage of justice

Insight

A miscarriage of justice

This story has been described as one of the greatest miscarriages of justice in British history. It involves the British Post Office pursuing innocent workers (postmasters) for apparent financial irregularities and shortfalls which were caused by faults in its IT accounting software system that made it look like money was missing from branch accounts. Postmasters are self-employed and run branch post offices under contract to the Post Office and are liable for any loss or damage to any Post Office cash and stock and any shortfalls in the money payable to the Post Office must be made good (in full) by the postmaster.

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Back to the future: Court of Appeal affirms earlier Uber decision, but with different reasoning Back to the future: Court of Appeal affirms earlier Uber decision, but with different reasoning

Insight

Back to the future: Court of Appeal affirms earlier Uber decision, but with different reasoning

A landmark judgment in employment law has reaffirmed that Uber drivers are employees, and not contractors, under section 6 of the Employment Relations Act 2000 (Act). However, further changes to the test for employment status may not be far away.

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Transport network receives huge investment Transport network receives huge investment

Update

Transport network receives huge investment

The Government has announced a record $32.9 billion investment in New Zealand’s transport network through the 2024-2027 National Land Transport Programme (NLTP).

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Generative AI: proceed with care and counsel Generative AI: proceed with care and counsel

Insight

Generative AI: proceed with care and counsel

The use of generative artificial intelligence (Generative AI) for reviewing and/or drafting commercial contracts is on the rise. While using Generative AI in this context may seem appealing, it presents a myriad of risks that deserve consideration. Even where those risks have been carefully considered and balanced, commercial contracts which have been drafted (or reviewed) using Generative AI should still be subject to legal review and sign-off, before you sign on the dotted line.

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Leaping forwards: recent developments in open banking in NZ Leaping forwards: recent developments in open banking in NZ

Update

Leaping forwards: recent developments in open banking in NZ

A busy August saw a number of developments in New Zealand’s evolving open banking landscape.

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What is statutory management? An explanation of the latest salvo in the Du Val saga What is statutory management? An explanation of the latest salvo in the Du Val saga

News

What is statutory management? An explanation of the latest salvo in the Du Val saga

On 2 August 2024 interim receivers were appointed to a number of entities in the Du Val group. On 21 August 2024, this was followed by the appointment of statutory managers to various entities in the Du Val group. This is an extraordinary development, and leads to the question – what is statutory management?

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