Notification to the Overseas Investment Office for Sale of Businesses

New Zealand recognises the importance of welcoming sustainable, productive and inclusive overseas investment.  The corresponding responsibility to supervise and control this has been recognised in legislation since the early 1970s.  In 2005 the Overseas Investment Act required consent from the Overseas Investment Office (OIO) for any business sale resulting in greater than 25% ownership of…

COVID-19 EMPLOYER OBLIGATIONS

Covid-19 Employer Employment Obligations and information   Introduction   Every non-essential business is closed for a minimum of four weeks; however, this could well be longer depending on the Ministry of Health, Government, and the public’s compliance.   While other national emergencies can provide guidance, the social, political, health and economic effects of a worldwide…

Product Recall

Food recalls are costly to FMCG businesses, and their consumers.  In 2019 there were over 70 notices issued as to food recalls.  Most of the recalls were dealt with by the manufacturers, but not always, as some of them were in-house packaged products.   It is not just the manufacturer that has a duty to…