Recently there have been a number of developments New Zealand Immigration Law and Policy. These changes may have caused you some concern in terms of your situation as an applicant for, or holder of, a New Zealand Visa.
The Covid-19 pandemic has brought the concept of our mortality to the forefront of our thoughts and caused many to think “do I need a will?” and “what is a will?”. We have answered your common questions about making a will at this time.
Recently, the Government has introduced some changes regarding commercial leases. Though these interventions are less drastic than many were expecting, they will still have a significant impact on many businesses.
On 30 April 2020, the Reserve Bank of New Zealand removed loan-to-value ratio (LVR) restrictions for 12 months. As a result of the changes, banks are no longer legally obliged to apply these limits to their lending.
COVID-19 has affected the New Zealand economy drastically. New Zealand’s unemployment rate has grown since COVID-19 hit, and projections from Treasury have indicated that the issue will likely get worse before it gets better.