Westland Milk Sale Judicial Review
We’re taking a legal stand to challenge the tidal wave of overseas entities wanting to snap up NZ's best land and agricultural businessess.Nationwide
The Overseas Investment Office granted approval for the takeover of Westland Milk Products on August 1st by Chinese conglomerate Inner Mongolian Yili which is 25% owned by the Chinese government.
We are concerned that the Overseas Investment Office may have failed to apply a much stricter set of criteria which would have seen Ministers make the final decision, not the OIO.
We’re taking a stand on the issue to challenge the tidal wave of applications from overseas entities that want to snap up the best agricultural land and agricultural and horticultural businesses that New Zealand has.
Much of what we earn from exports is lost when the when those overseas owners claim their profits.
So, as a start, we're seeking a High Court judicial review of the Overseas Investment Office decision.
If we win, the takeover will have been made outside the provisions of the Act and the government will have to decide what should be done next.
We are world leaders in the agricultural area. We want to see New Zealanders reaping the benefits of that world leadership, not overseas shareholders.
Use of funds
Donations will be used for the High Court Judicial Review or any other actions the party may take to oppose overseas entities buying up the country.
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Lawyers for Westland Milk and Hong Kong Jingang applied to the High Court for an order requiring us to deposit $40,000 in a lawyer's trust account as security in case costs were awarded in their favour.
This has delayed the hearing of the judicial review and substantially increased our costs.
But were not being put off. Any support you can give us would be really appreciated.
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This page was created on 30 Sep 2019 and closes on 15 May 2020.