Concerns over new foreign investment rules

Tue, 16 Jun 2020

Urgent changes to foreign investment rules made in response to covid-19, and in force from today, are being questioned by legal advisers trying to explain them to their clients. Associate Finance Minister David Parker announced last month some rules to curb foreign ownership will be fast tracked as the pandemic caused the value of businesses to fall. The law introduced a national interest test for "any foreign investments, regardless of dollar value, that result in more than a 25 percent ownership interest, or that increases an existing i...

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