1. James Hardie Class Action Lawsuit Ends With “Bitter” Settlement 2. Amazon Says “So Long Kiwi Taxpayers & Thanks For All The Corporate Welfare” 3. Aotearoa Water Action Takes Chinese Water Bottling & Export Company To Court 4. Controversial North Island Water Bottling & Export Operation Owned By China’s Richest Man 5. NZ “Naive” To Shut Down Marsden Point Refinery 6. Ritchies Sold To US Private Equity Behemoth 7. Shanghai Billionaire’s Company Gets $20,000 Penalty (& Retrospective Consent) Over $56m Northland Investment 8. Meridian Attacks Rio Tinto For Bluff Smelter Not Giving Power Back To People 9. Private Equity Fund Buys NZ’s Biggest Certified Manufacturing & Assembly Business 10. Transnational Corporations Not Keen On Paying NZ Workers During Lockdown
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Controversial North Island Water Bottling & Export Operation Owned By China’s Richest Man
Buying Up Bus Companies This month’s one Decision was chosen to follow on from the one I highlighted in the August 2021 Decisions, namely the…
Buy Now, Pay Later Debt Trap Physical credit cards are on the way out (going the way of cheques, with cash following closely behind). Apparently,…
Undermining Waihi This is simply the latest step in the decades-long literal undermining of Waihi and the Coromandel by transnational mining companies. OceanaGold (New Zealand) Limited,…
Declined The Decision I’ve chosen to highlight this month illustrates the fact that, just occasionally, an application to the OIO gets rejected. The Minister for…
Buying Up Bus Companies This month’s one Decision is chosen to highlight the increasing foreign ownership of New Zealand public transport companies. To quote the…
Retrospective Consent; Pocket Money Penalty This month it’s worth highlighting that the OIO and/or the relevant Ministers routinely grant retrospective approvals. There were three in…
“NZ” Company Sold From One Foreign Owner To Another Bentley Systems Incorporated (United States 86%, Germany 14%) got OIO approval to buy Seequent Holdings Ltd (United States 46%;…
Gaming MTG Gaming AB (Sweden 47.5%; United States 16.6%; Luxembourg 8.2%; United Kingdom 6.8%; Finland 5.5%; Norway 5%; Various 10.4%) got OIO approval to buy Ninja Kiwi…
Overseas Investment Office – April 2021 Decisions Cerberus Private Equity Buys Another Forest Cerberus Vermögensverwaltung GmbH (Austria 100%) has consent to acquire approximately 555.1692 ha. at…
Mystery Meat Company Acquisition Declined The Minister for Land Information and the Associate Minister of Finance have declined an application from an unnamed meat and…
Apex One Residential Development Gets A Fine And Retrospective Consent Apex One Ltd (Wei Shen, China PR 70%; Guangjuan (Judy) Deng, NZ 30%) has been granted…
Foreign investment in Aotearoa/New Zealand Overseas Investment Office – January 2021 Decisions Retrospective Application By Residential Developers Declined Trinity Green Estate Partnership (NZ 50%, Hong Kong…