Overseas Investment – review announced just as new regime comes into force
Just days before amendments to New Zealand’s overseas investment regime take effect, the government has announced its intention to undertake a further review of the legislation.
Trans-Pacific Partnership trade benefits are coming
Following several years of negotiations, and after the high-profile collapse of the original Trans-Pacific Partnership (TPP) in 2017, the renamed “Comprehensive and Progressive Trans-Pacific Partnership” (CPTPP) has now met the required number of ratifications to come into force. This is due to occur on 30 December 2018. This will offer New Zealand businesses a range …
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CPTPP Agreement sparks further legislative change
The Government has introduced further amendments to the Overseas Investment Regulations 2005 (the Regulations) to ensure New Zealand complies with its obligations under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (the CPTPP Agreement) and various other international agreements New Zealand is a party to.
What is the latest in privacy law reform?
The Overseas Investment Amendment Bill (the Bill) was passed yesterday after its third and final reading. It is likely to receive Royal assent this month. Once that occurs, the provisions of the Bill that limit the ability of overseas persons to purchase residential property in New Zealand and the changes in the regime governing overseas …
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Residential land amendments mark new era in New Zealand’s overseas investment regime
The Overseas Investment Amendment Bill (the Bill) was passed yesterday after its third and final reading. It is likely to receive Royal assent this month. Once that occurs, the provisions of the Bill that limit the ability of overseas persons to purchase residential property in New Zealand and the changes in the regime governing overseas …
A fresh look at the recoverability of takeover expenses
The High Court has revisited the recoverability of a target company's expenses for the first time in more than 45 years. The case has important implications for future reimbursement disputes.
Insurance contract law reform back on the agenda for 2018
The Government announced on 6 March that it is undertaking a review of New Zealand's insurance contract law, and has released a terms of reference for the review here.
Europe FTA could offer NZ many indirect benefits
A European Free Trade Agreement (FTA) may present more opportunity than just enhanced trade with Europe.
Robo-advice exemption: Ready, steady, go (applications are now open)
The Financial Markets Authority (FMA) is now accepting applications from entities that wish to provide personalised robo-advice to consumers.
Development exemption struck from Overseas Investment amendments, private bill possible
The surprise removal of a private exemption from the Overseas Investment Amendment Bill (the Bill) by New Zealand's Speaker of the House has raised the possibility developers could consider seeking exemptions from the Act through a separate, private bill.