[2019] NZCAA 13 (5 August 2019) [pdf, 384 KB]
...arises from a routine circumstance in international commerce. Where a local company is owned by, or otherwise has common interests with, an offshore company, the pricing of supplies between the related parties may not be an arm's-length market price. Indeed, there may not be an arm's-length market price at all. That may occur due to intellectual property protection or unique technical advantages; in such cases, products and services may have only a single source, with no d...