National Business Review (NBR) New Zealand

BusinessNZ is suggesting taxpayers need to consider what of sort of compensation they are prepared to pay to disaffected property owners, if restrictions are put on the sale of assets to overseas interests. 

Torchlight Fund may have invested in South Canterbury Finance (SCF) hoping for a receivership to put itself at the table for the sorting out process, according to an investor in Pyne Gould Corp (PGC). 

 The market continues to demonstrate resilience in the wake of the collapse of South Canterbury Finance and the triggering of the Crown retail deposit guarantee.