COVID-19 Overseas investment reforms to take effect in two weeks

Wednesday 3 June 2020

Authors: Glenn Shewan, Andrew Petersen and Penny Pasley

​Last week we provided an update on the urgent overseas investment law reforms that had passed through Parliament. Late yesterday (2 June 2020) the Overseas Investment (Urgent Measures) Amendment Act received Royal Assent.

Accordingly, most of the changes brought about by the amendments, including the temporary notification regime, will come into force on 16 June 2020. As set out in our update last week, the temporary notification regime will not apply to transactions entered into before this date. However, notifications can be made to the Overseas Investment Office ahead of that date (although details are not yet available as to the content or form of that notification).

If you have any questions abo​​ut the matters raised in this article, please get in touch with the contacts listed, or your usual Bell Gully adviser.

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Disclaimer

This publication is necessarily brief and general in nature. You should seek professional advice before taking any action in relation to the matters dealt with in this publication.

For more information
  • Glenn Shewan

    Partner Auckland
  • Andrew Petersen

    Partner Auckland
  • David Coull

    Partner Wellington
  • Penny Pasley

    Senior Associate Auckland
Related areas of expertise
  • Overseas investment
  • Corporate governance and advisory
  • Real estate and projects
  • Competition
  • International