Appointment to Overseas Investment Advisory Group

Monday, 6 April 2009, 10:25 am
Press Release: Simpson Grierson

Simpson Grierson Partner Appointed
to Overseas Investment Advisory Group

3 April: Simpson Grierson is pleased to announce partner Don Holborow's appointment to the Technical Reference Group for the Government's review of the Overseas Investment Act.

The purpose of the review, announced by Finance Minister Bill English on March 17, is to make foreign investment in New Zealand simpler and more attractive, while protecting sensitive land, assets and resources.

"Overseas investment can play an important role in economic recovery and job creation" said Mr English. "However, the current overseas investment legislation is cumbersome and the rules are often difficult to interpret."

Don Holborow and the other members of the Technical Reference Group will assist with the review of New Zealand's overseas investment rules. Don has a keen awareness of some of the problems with the current regime, having assisted a number of overseas and New Zealand companies grapple with the requirements.

"I am delighted to be appointed to the Technical Reference Group and am confident we can remove some of the complexity and uncertainty that currently exists for overseas investors," he said.

ENDS

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