Kiwi investors take Crafar decision to High Court

Published: 5:35PM Monday January 30, 2012 Source: ONE News

  • Print this article
  • Text size + -

The High Court will hear a bid for a judicial review into the decision to allow Chinese investors to buy the Crafar farms.

A consortium of investors, led by Sir Michael Fay, is taking legal action over the decision by Ministers Maurice Williamson and Jonathan Coleman to approve the Pengxin Group's bid to buy the farms.

The hearing, set for Friday at the High Court in Wellington, comes as the Government claims they were forced to approve the farm sale to Chinese interests because of a free trade deal struck by Labour.

Labour's finance spokesman David Parker says both the Prime Minister and Land Information Minister have made the claim but the relevant clause in the free trade deal doesn't change New Zealand's ability to turn down applications for land purchases.

  • Print this article
  • Text size + -
  • more...

Politics News Video

rss Politics News

Most Popular

  1. Michelle Obama sings Beyonce's praise
  2. Rain and wind to lash parts of South Island watch
  3. Fog strands travellers in Auckland today
  4. Gigantic telescope could bring revolution - expert watch
  5. Marchers determined to save ChristChurch Cathedral watch

rssLatest News

How do you want your news?

  • Mobile Devices

    TVNZ is available on mobile phones: Text TVNZ to 8869.

  • News Feeds

    See when TVNZ have added new content. You can get the latest headlines anywhere.

  • Podcasts

    Enjoy TVNZ on the move - a wide range of programmes and highlights are available.