Displaying items by tag: crafar

A programme of improvements on the Crafar farms will begin as soon Chinese company Shanghai Pengxin can settle on the properties.

A High Court decision that will cause Government ministers to reconsider the sale of the former Crafar farms could improve investment certainty in the long run, says Federated Farmers.

The Crafar Farms Purchase Group says today's High Court decision confirms its view that Shanghai Pengxin's purchase of the Crafar Farms brought no additional economic benefit to New Zealand.

The purchaser of Crafar Farms has been given another extension to go unconditional on the sale.

CHINA COULD have sued New Zealand for breach of its Free Trade Agreement if Pengxin’s application to buy the Crafar farms was declined, says a legal academic.

Sir Michael Fay's legal challenge to the sale of Crafar Farms to a Chinese buyer will put Overseas Investment Office processes through the judicial wringer, says Federated Farmers.

A local consortium which made an unsuccessful bid for Crafar Farms says it will challenge in court the Government's decision to approve a Chinese buyer.

There is no quick end in sight to the Crafar Farm sale saga. A group of locals bidding for the farms are signalling they will take court action if the Overseas Investment Office (OIO) approves the sale to a Chinese company.