Articles tagged OIO

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.

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?

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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".