Controversial changes to the rules governing overseas investment will soon take effect after being passed by Parliament this week. Businesses now need to consider how to best work with the new rules. Andrew Petersen and Glenn Shewan from Bell Gully take a look how the new regime may affect commercial transactions.
Craggy Range Vineyards has been given a green light to buy 132 hectares of land in the Wairarapa for $3.6 million.
The rate at which potential foreign buyers of New Zealand farms subsequently withdrew their applications to the Overseas Investment Office tripled in the past 12 months, OIO figures show.
The government has granted a Chinese-owned company permission to expand a water bottling plant in Whakatane.
Newsroom Business Editor Nikki Mandow has taken a detailed look at the Overseas Investment Office's decision to block the takeover of ANZ's UDC by China's HNA. She found ANZ and UDC customers and funders dodged a huge bullet, thanks to the OIO's due diligence. One question stands out: why went wrong with ANZ's own due diligence?
In today's subscriber email we caught up with the latest news in politics and the economy.
The Government is set to introduce legislation to ban foreign buyers from buying existing homes and to force them to sell any new homes or apartments that they build.
The Government has announced stricter tests for New Zealand's overseas investment regime to further limit the sale of rural land to foreigners, with Associate Finance Minister David Parker saying Kiwis should be prioritised over "a one per center from overseas".
In today's email we looked at the Prime Minister's comments on big land sales before the Overseas Investment Office, the challenges facing the implementation of the new digital curriculum in schools, and the latest in politics and the economy.
In today's email we looked at how the new Government might deal with the issue of the Investor State Dispute Settlement (ISDS) mechanisms within the TPP.