A case involving the NBR Rich Lister was in chambers today.
UPDATE: The imminent arrival of cash from the redemption of Arria NLG bonds persuades the High Court to grant reprieve.
Roger Partridge says court is blurring the line between its role and Parliament’s role of making laws.
Seen as a test case, the police had frozen the assets and bank accounts of a family-owned business for being ‘fundamentally non-compliant’ with health and safety, an action normally reserved for gangs and drug dealers.
Significant implications for directors, particularly if creditors are well-funded or ‘determined’, lawyer says.
Meanwhile, the family trust of Kenyon and Charlotte Clark has also been put into receivership.
Regulator files civil court action after bank overcharged customers $3.9m over eight years.
The 341-square-metre home, bought for $1.68 million in 2018, has a capital value of $2.19m.
The insurer failed to apply multi-policy and membership discounts, or guarantee no claims bonuses, which caused 100,000 customers to be overcharged by $11.12m.
Dispute between Drylandcarbon business partners enters next stage regarding approval of litigation funding agreement.