INSIGHTS
Guarantees and the Anti-Discharge Clause
In the current economic climate, banks and financial institutions are tightening their lending requirements and in particular it is not uncommon to see parents and other third parties acting as a guarantor to assist a borrower in securing their lending.
Trust Law Shake Up
After remaining relatively static for decades, trust law was overhauled by the Trusts Act 2019, which came into force in early 2021. With New Zealand having the highest number of trusts per capita in the world, these changes are sure to have wide-reaching impacts.
