14 Jun 2012
Can a buyer sue for a breach of warranty when the buyer has not carried out a proper due diligence?
A recent High Court case looked at the question of whether buyers under a purchase agreement can sue for damages for a breach of warranty by the sellers when the buyers had not carried out a proper due diligence under a due diligence condition, and where proper due diligence would have exposed the error in the warranty. Read more ›
19 Apr 2012
Due Diligence Conditions – What Are The Buyer's Obligations?
Buyers are generally required to use reasonable efforts to satisfy any condition in a sale and purchase agreement which is included for the benefit of the buyer. Some buyers include a ‘due diligence’ condition in an agreement in the belief that this will give them a right to cancel the agreement for any reason whatsoever. Read more ›
13 Feb 2012
Crafar Farms Decision: Court Orders New Test to be Used for Applications to Buy Farmland
The High Court has ordered the Minister of Finance and the Minister of Land Information to reconsider their decision to approve the purchase of the 16 Crafar farms by Milk New Zealand Holdings Limited by using a different test. Read more ›
01 Nov 2011