Doh! Read the contract before you sign it!

A recent decision in the High Court in Rotorua illustrates the importance of reading contractual documents prior to signing them. A drilling company was held bound by the terms of an exclusion clause in a contract with a supplier preventing it from recovering all of its losses alleged caused by the supplier negligently carrying out repair work to drilling equipment.

Beating the long-stop?

In a recent decision (Minister of Education & Ors v Carter Holt Harvey Limited [2014] NZHC 681 (4 April 2014) the High Court allowed leaky building claims against a manufacturer of a cladding system to continue to trial even though the claims related to buildings constructed ten years before the issue of proceedings. (PDF)

Government’s Financial Assistance Package falls well short

A recent report on National Radio confirmed that the government’s Financial Assistance Package (“FAP”) to leaky home owners has failed to make even a small dent in the number of leaky homes.

The FAP was established in 2011 as a repair scheme enabling leaky home owners to access funds from the government and participating territorial authorities to fix their homes.