New Zealand is a significant producer of wood products for the Asia-Pacific region. The international reputation of New Zealand's forests has captured the attention of forestry investors for a long time.
The forestry industry is facing challenges. A number of plantation forests are reaching maturity and production volumes are increasing. Export market prices, exchange rates, and the difficulties being faced by New Zealand processors (in conjunction with an increasing focus on offshore processing) are just some examples of these challenges for the industry.
We have worked alongside the forestry sector for 30 years and are well-placed to guide clients through the legal issues affecting their businesses. Our forestry specialists work with experts, across our other practice areas, to deliver a wide range of services. Our services include advising on:
- acquisition of forestry assets
- joint ventures
- operational arrangements (from planting and harvesting to processing and exporting)
- New Zealand's overseas investment regime
- tax structuring
- climate change issues (including the impact of the emissions trading scheme on forestry).
We have advised timber investment management organisations (TIMOs) and overseas investors. These investors include Matariki Forests, Soper-Wheeler, Blakely Pacific, China National Building Materials, The Campbell Group, Hansol and Global Forest Partners.
Examples of our work
- Matariki Forests Group (New Zealand's third largest forestry company) - $167 million investment in it by London-listed Phaunos Timber Fund
- China National Building Materials - acquisition of various forestry assets in New Zealand
- Harvard Management Company, Inc (investment arm of Harvard University) - New Zealand forestry investments
- Blakely Pacific - acquisition of multiple forests, security issues in relation to insolvent wood processing customer
- New Zealand Carbon Farming - acting in relation to its New Zealand wide forestry (ETS) leasing program
- Multi-national wood processors (including Dongwha Patinna NZ) - acquisition of large-scale wood processing facilities, and general commercial advice
- Reviewing potential investment in a New Zealand saw-milling operation
- Purchasing multiple land interests for commercial forestry activities