Steel mesh allegations head to court

The Commerce Commission have announced today that 29 charges for making false and misleading representations have been filed against Steel & Tube. The charges relate to representations made about steel mesh products between 1 March 2012 and 6 April 2016. The charges allege that Steel and Tube made misleading representations on their batch tags, batch…

Are your estimates accurate?

John Green, founder and director of the Building Disputes Tribunal, a building and construction dispute resolution service provider in New Zealand, has spoken out in a recent article about the unfair and ‘draconian’ nature of many residential construction contracts. In his opinion, residential contracts are skewed in favour of builders for two main reasons: The contracts…

Alternative to new retentions regime confirmed

The House of Representatives has today given final approval to the Regulatory Systems (Commercial Matters) Amendment Bill (the ‘Bill’) which will become law on or before 31 March of this year. As we advised in our earlier post, the Bill has had no further changes through the latter half of the legislative process. So what…

Nearly There – New Retentions Regime

The new retentions regime, which has been the subject of much discussion lately, has passed another hurdle and is well on the way to becoming law by 31 March. Yesterday, Parliament successfully passed three omnibus bills through their second reading which included the Regulatory Systems (Commercial Matters) Amendment Bill (the ‘Bill’). The Bill contains the ‘retentions protected by a complying…

An alternative to the CCA retentions regime

This blog post has been written by Stuart Robertson, a Partner in Kensington Swan’s construction team.  The CCA retentions regime comes into effect on 31 March 2017 – yes in 3 weeks’ time! While the Bill currently before Parliament was meant to correct the transition date (the new regime should only apply to new contracts…