OIC Stoutly Defends Foreign Investors' "Good Character" For several years now, we have been filing complaints with the Overseas Investment Commission (OIC) about the "good character", or lack thereof,

Definition Of "Good Character" The test of "good character" is used in a number of places, but not defined in the Bill (clause 17, 19, new 73 {new section 57G}). Given that, according to the OIC, there

OIO Does Something About One Of CAFCA's "Good Character" Complaints One of the very few alleged "checks and balances" in the Overseas Investment Act is the requirement that the persons owning and/or

Good Character Checks There is one other area touched upon in the OIC file. One of the very few legal conditions that foreign investors have to meet is that they be persons of "good character". We’ve

It has fallen foul of the "Good Character" laws of some American states, giving them the right to refuse licences and permits to companies that have a history of violating the law. When Indiana refused

individuals with control over the investment are of good character. The weakness of these provisions is obvious and I am not aware of them ever having been subject to enforcement decisions. It is generally

People only find out after the event. The ‘good character’ test for applicants is a joke. Most basically, the powers that be still don’t know (and haven’t made very much effort to find out) how

Good Character But there are some aspects of this new Bill of which CAFCA approves and has been advocating for many years. The national interest test is one major example. Another first is to broaden

good character” (it needs to be noted at this point that this section of the Act can only be applied to individuals and not to companies – this is an important distinction). On 28 August 2008, CAFCA

the heart of it was to "question the good character of the persons controlling" at least some of the companies (file notes by Ste-phen Dawe, 4/5/00). For any overseas investment, individuals controlling