Tag Archives: Burton & Co

ILN Today Post

New Zealand tax (nearly) on top

NEW ZEALAND’S TAX SYSTEM RATED 2ND MOST COMPETITIVE
IN OECD BY THE TAX FOUNDATION
A non-partisan research think tank based in Washington DC, the Tax Foundation, recently conducted a survey to measure the degree to which the 34 OECD countries promoted competitiveness through their tax systems.  In so doing, more than 40 variables across 5 categories were considered.  The 5 categories are:
• corporate taxes;
• consumption taxes;
• property taxes;
• individual taxes; and
• international tax rules. More…

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ILN Today Post

Update for directors – health and safety issues

There are four new Bills before the New Zealand Parliament which will be passed in the next 24 months.  All of them have the effect of increasing exposure of directors to legal risk. The Health and Safety Employment Regime (HSE), with a likely commencement date in 2015, has particular importance for organisations which have a number of hazards and risks in the work place.

The HSE Bill will, when passed into law, establish a duty on directors to ensure that those with management responsibility for workplace safety are discharging their duties appropriately. A set of Good Governance Guidelines, prepared by the Ministry of Business Innovation and Enterprise and the Institute of Directors, will assist in helping judge what is appropriate. These require that the Directors: More…

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ILN Firm of the Month – Burton & Co., New Zealand!

This month, we’re bringing you our own Burton & Co., New Zealand as our firm of the month!

Member of the International Lawyers Network

The ILN is proud to announce our latest “Firm of the Month” – Burton & Co., New Zealand!

Burton & Co is a boutique commercial law firm with its offices in Auckland, New Zealand. It has a commercial clientele based in New Zealand and elsewhere around the world.

The belief at Burton & Co is that they do what they do well. If confronted with an area in which they do not have a sufficient level of expertise, then the work is briefed to those whom they believe are best able to achieve the desired result.

Many of Burton & Co’s clients come to them because they work together with a number of specialists around New Zealand. Their focus has always been and will continue to be to find creative ways to obtain the results their clients wish to achieve.

 

Full descriptions of Burton & Co’s services, expertise, and lawyer profiles are available on their website.

Lindsay Griffiths
Director of Global Relationship Management
International Lawyers Network

Lindsay Griffiths

Learn More
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Main Contacts:

Tony Nicholson

 

 

Tony Nicholson

 

Emailajn@burtonco.co.nz
Telephone: +64 9 300 3771

Practice Groups:
Property, Real Estate &
 Construction

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Jeremy Carr

Jeremy Carr

Email: jac@burtonco.co.nz
Telephone: +64 9 300 3775

Practice Groups:
Corporate/Commercial Law

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Alan Griffiths

“Burton & Co. is an excellent firm, whose partners embody the best the ILN has to offer.”

Alan Griffiths
Executive Director
International Lawyers Network

+001.201.594.9985

www.ilntoday.com

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ILN Today Post

Increased liability for franchises?

Since the emergence of The Commerce (Cartels and Other Matters) Amendment Bill from the Select Committee in May 2013, a number of issues have arisen concerning the effect on franchises. The main thrust of the legislation is aimed at introducing criminal sanctions for ‘hard core’ criminal activity and with franchises not given specific treatment under the Bill the risk of criminal sanction for parties to franchise agreements is reasonably high.

The Bill is currently awaiting consideration of the Select Committee’s report and Second Reading in the House. More…

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ILN Today Post

Government reviews development contributions

The impact of development contributions on the feasibility or otherwise of projects has long been a source of contention and concern for our developer clients.  It is often unclear how these charges are calculated, with little ability to challenge the reasonableness of the contribution.  There also seems to be huge inconsistency between Councils in relation to both the quantum and underlying basis for these fees, making them difficult to budget for in the early planning stages of a development.

As part of the Housing Affordability Inquiry Report a review of development contributions has been undertaken with a view to amending the development contribution regime in the Local Government Reform Bill which is expected to be introduced later this year. More…

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ILN Today Post

Crafar Farms and the Overseas Investment Office – here we again?

It seems that Shanghai Pengxin’s application to buy the Crafar farms may be heading all the way to the Supreme Court.  Two of the trusts within the consortium orginally led by Michael Fay are reported to have recently filed a further challenge with the Supreme Court funded by an undisclosed financial backer.

The Ngati Rereahu trusts lodging the appeal wished to purchase two of of the 16 Crafar farms sold to Shanghai Pengxin.

It is understood that the OIO’s ruling is being challenged on the grounds that the lower Courts erred in finding that Shanghai Pengxin had the necessary business acumen. More…

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ILN Today Post

Earthquake strengthening and insurance premiums

Further to our earlier comments in relation to earthquake prone buildings the market is now seeing the practical commercial fallout from the increasing focus on earthquake prone buildings.

Reports are filtering through of insurance premiums rising dramatically – in some cases by more than 600% where the buildings are circa the 1900’s.  Most commercial leases pass the cost of insurance premiums through to the tenant as an outgoing meaning the tenant is being asked to meet these increased costs.  This is in turn causing some tenants to look to move premises as and when they can. More…

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