Part 18 Overseas companies
335Validity of transactions not affected
A failure by an overseas company to comply with section 333 or section 334 does not affect the validity or enforceability of any transaction entered into by the overseas company.
Plain language law
New Zealand law explained for everyone
334: Overseas companies to register under this Act
or “Overseas companies must register to do business in New Zealand”
or “Overseas companies must register to do business in New Zealand”
You could also call this:
“Overseas companies' deals remain valid even if registration rules aren't followed”
If an overseas company doesn’t follow the rules in section 333 or section 334, it doesn’t mean their deals are invalid or can’t be enforced. Even if the company didn’t do what it was supposed to do, any agreement or transaction they made is still valid and can still be carried out. This means that the company’s failure to follow these rules doesn’t affect the deals they’ve made with other people or businesses.
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Next up: 336: Application for registration
or “How to apply to register an overseas company in New Zealand”