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RBNZ wins court costs in CBL case

Fruitless pursuit of restructuring package delayed liquidation, says judge.

Tim Hunter
Fri, 12 Apr 2019

A CBL subsidiary has been ordered to pay some of the Reserve Bank’s legal costs after its vain insistence a rescue package was possible contributed to delays in the liquidation case.

In a judgment delivered on Monday, Justice Patricia Courtney ordered LBC Holdings, a subsidiary of suspended

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Tim Hunter
Fri, 12 Apr 2019
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RBNZ wins court costs in CBL case
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