The Sealord Steel Deal in New Zealand

The deal was made between the New Zealand government and a group of Marie corporate entities in 1992. Under this agreement, the sea lord group acquired a 50% stake in sea lord, which is a major seafood company in New Zealand. The other 50% remained with the Japanese fishing company Nishe. And so the deal was seen as a resolution like,Yeah, we put ourselves in the back. The Marie will make these claims over fishery resources.