Explain to adam whether he is likely to be allowed

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Reference no: EM133282412

Question: Adam Almond is a wealthy United States-based investor. Adam wishes to buy a 100-hectare farm near Queenstown that he can move to in the event of civil unrest in the USA.

Adam is concerned that he may not be able to buy the farm directly because, in 2020, a US court fined him a civil penalty of $3 million for insider trading.

However, Adam's daughter Bianca is a New Zealand resident. He has been advised that, if he forms a partnership with Bianca they can buy the farm.

Required:

Explain to Adam whether he is likely to be allowed to buy the farm either alone or in partnership with Bianca.

Reference no: EM133282412

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