Read DUAL’s latest article in conjunction with Wotton + Kearney, one of our Panel Counsel firms titled: New Zealand Construction Professions Update.
This article provides an update of recent decisions which have advanced New Zealand law on remedies with implications for all businesses operating in the construction sector. We look at enforceability of liquidated damages and the implication of recent cases, we also look at what can happen when a project advances without appropriate contractual documentation in place.
We hope this article is helpful and don’t forget that many professions can be quoted via the WebRater or via your DUAL Underwriter.
Disclaimer:
The information contained in this fact sheet is meant as a hypothetical guide only. DUAL New Zealand does not accept any liability arising out of any reliance on the information in this fact sheet. We urge you to consult your insurance broker, the Insurance Council of NZ or the Insurance and Financial Services Ombudsman for further information. If you are unable to resolve any issues that you may have, you may need to obtain independent legal advice.
