Loan deals ‘typical’ in dodging OIO approval
Overseas court ruling reveals workaround to buy sensitive New Zealand land.
Tim Hunter
Fri, 26 Oct 2018
Foreign buyers are using financial structures to get around Overseas Investment Act restrictions on acquiring sensitive land, a Cayman Islands court judgment has revealed.
The technique was used in a deal to transfer effective ownership of a prized slice of real estate at New Chums Beach on the
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Tim Hunter
Fri, 26 Oct 2018
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