Australian bank found guilty of overcharging its clients by $6.35 million from 2004 to late 2021 but has thus far made remediation payments of $7.35m.
The former Blue Chip boss was in mid-2020 arrested on allegations he helped an Aussie crime network structure an A$17 million scam.
But statutory management ‘stops dead’ any other actions with the aim of protecting creditors, Minister Bayly says.
High Court approves penalty for former CBL boss Peter Harris in continuous disclosure case.
Decision follows recommendation by the FMA following a report from interim receivers PwC.
Market regulator ‘considering appropriate response’ to non-payment.
The formerly listed buy-now, pay-later firm went into receivership in June.
Chris Meehan’s Nigel Carruthers Aviation vs Skyline Aviation tussle in High Court after business agreement terminated.
Commerce and Consumer Affairs Minister says businesspeople need to be encouraged to take prudent risk.
NZX-listed Eftpos equipment provider Smartpay found to have not served bankruptcy notice correctly.