Loan deals ‘typical’ in dodging OIO approval
Overseas court ruling reveals workaround to buy sensitive New Zealand land.
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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
Fri, 26 Oct 2018
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Loan deals ‘typical’ in dodging OIO approval
Business,
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