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.
During the lockdown, one of the unfortunate realities was that cash flow for many companies has decreased or completely dried up. This has led to great uncertainty for some employees. We have answered some common questions.
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.