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Law

Westpac pinged $3.25m for overcharging, misleading customers

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.

NBR Staff Fri, 02 May 2025

Property

Mortgage wars: BNZ wins skirmish, drops 18-month rate to 4.95%

Finance

RBNZ to review controversial capital requirements for banks

Law

Court rules for FMA in case against CBL exec

Investment

Westpac Group profit bounces to $1.2b, business lending up

Law

High Court rules $3.25m penalty for Foodstuffs North Island

Law

Ormiston Rise liquidator wins Court of Appeal jurisdiction case

At issue was whether overseas shareholders are subject to a liquidator’s demand for information if they reside overseas.

Fiona Rotherham Fri, 02 Aug 2024

Law

Du Val Group placed into interim receivership by High Court

Kenyon Clarke tells NBR reporter, ‘You need to leave’, when asked for comment at his home this morning.

Brent Melville and Hamish McNicol Fri, 02 Aug 2024

Law

NBR Lister’s plane dispute: ‘Pay and you get possession’

Chris Meehan’s Nigel Carruthers Aviation and Skyline Aviation in High Court after business agreement terminated.

Jonathan Mitchell Thu, 01 Aug 2024

Law

MSD liquidates Park Hyatt contractor for unpaid wage subsidy

SDCIC was the subject of a $31.6m claim by the developer of the $300m Park Hyatt in Auckland.

Brent Melville Wed, 31 Jul 2024

Law

FMA issues market manipulation warning to trader funding kitchen

Individual used two Sharesies accounts to shift price higher on at least 10 occasions.

Hamish McNicol Tue, 30 Jul 2024

Law

Tony Gibson and POAL case: Maritime NZ legal fees hit $900k

Maritime NZ has already spent more than Gibson or Port of Auckland will pay as a result of litigation.

Brent Melville Tue, 30 Jul 2024

Law

Watson claims US$10m for ‘reputational damage’ in SEC case

Fugitive businessman files letter to US court from Ibiza seeking dismissal of insider trading claim.

Tim Hunter Fri, 26 Jul 2024

Law

Litigation against McConnells stayed ‘pending further steps’

Long-running legal action by liquidators of failed Hawkins Construction may be resolved after mediation.

Tim Hunter Wed, 24 Jul 2024

Law

‘Fulsome apology’ as Penno litigation settled

Legal action involving Synlait, its former chair and a technology supplier has been satisfactorily resolved, parties say.

Tim Hunter Tue, 23 Jul 2024

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Law

Westpac pinged $3.25m for overcharging, misleading customers

Mortgage wars: BNZ wins skirmish, drops 18-month rate to 4.95%

RBNZ to review controversial capital requirements for banks

Court rules for FMA in case against CBL exec

Westpac Group profit bounces to $1.2b, business lending up

High Court rules $3.25m penalty for Foodstuffs North Island

Ormiston Rise liquidator wins Court of Appeal jurisdiction case

Du Val Group placed into interim receivership by High Court

NBR Lister’s plane dispute: ‘Pay and you get possession’

MSD liquidates Park Hyatt contractor for unpaid wage subsidy

FMA issues market manipulation warning to trader funding kitchen

Tony Gibson and POAL case: Maritime NZ legal fees hit $900k

Watson claims US$10m for ‘reputational damage’ in SEC case

Litigation against McConnells stayed ‘pending further steps’

‘Fulsome apology’ as Penno litigation settled

Property magnate Sir Bob Jones dies, aged 85

Being AI divests education business to Crimson for $3.9m debt

The kids are alright

Being AI sells Age School, founders to receive Crimson stock

Trump threat over Iranian oil; Ukraine signs resources deal

Labor wins big in Australia

The Finance Minister’s big budget cuts

‘Pick up the phone’: $320m firm challenges NZX over IPO pitch

David Seymour’s plan to revamp government

Property magnate Sir Bob Jones dies, aged 85

Political consensus needed to lift skills training

The Government’s plan to simplify the building consent process