The foxes in charge of the hen house

The foxes in charge of the hen house
Most takeovers these days take the scheme of arrangement route.
Jenny Ruth
New Zealand's takeovers regulatory regime is sick and needs an overhaul but those in charge are the very last people likely to want the necessary changes.Take a good look at the 11 people on the panel; only one, Megan Glen, comes from the ranks of institutional investors.And the particular institution she works for, the New Zealand Superannuation Fund, was the investor that last year sold out its fellow NZ investors in Metlifecare, mostly retail investors by that stage.It accepted a low-ball price for its cornerstone 20% stake on the spurio...

More Law & Regulation

Seabed mining project a 'great argument' for fast-tracking
Policy

Seabed mining project a 'great argument' for fast-tracking

Fast-track panel said Taranaki project was 'highly controversial'.

Regulatory standards champion defends bill’s principles
Economy

Regulatory standards champion defends bill’s principles

Advocate says public debate about the bill is widely misconstrued. 

Govt targets ‘digital nomads’ with new visa rules
Law & Regulation

Govt targets ‘digital nomads’ with new visa rules

The Government is loosening visa requirements to lure high-spending “digital nomads”.From Monday, tourists can work remotely for foreign employers while holidaying.The new rules apply to all visitor visas, including tourists, people visiting family, and partners and guardians on...

Staff reporters 27 Jan 2025
Employer associations eager to see pro-rata sick leave
Law & Regulation

Employer associations eager to see pro-rata sick leave

Detractors of the current system say it advantages part-time workers.

Gregor Thompson 27 Jan 2025