Appeal Court ruling in favour of law firm Grimshaw upheld.
An investment business linked to sanctioned Alexander Abramov took court action against the bank earlier this month.
Investment and advisory firm ordered to pay $70,000 in compensation and lost wages.
The councils say the decision underlines that the Government has been misleading New Zealanders about the reform.
An urgent capital raise to repay long-dated US debt has come with huge costs for shareholders.
Former bankrupt property developer has taken over formal running of companies seeking share of money recovered from ashes of his Property Ventures group.
Stop order on the multi-level marketing scheme follows an ongoing investigation by NBR.
Controversial multi-level marketing scheme held another event over the weekend; NBR was kicked out before it even started.
The group went into receivership in late 2019; liquidators were appointed in November last year.
Rowan Kearns had initially pleaded not guilty and was due to face trial next month.
