Court rules in favour of Wynyard parent in $171m claim
Payments to software company's subsidiary were loans only, judge decides.
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Hawke’s Bay
In a win for shareholders and creditors of now-defunct Wynyard Group, the High Court has ruled $171m in payments belong to the parent company formerly listed on the NZX.
Although Associate Judge Roger Bell today ruled subsidiary Wynyard NZ should give $171m back to its parent company, the
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Victoria Young
Thu, 31 May 2018
Thu, 31 May 2018
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Court rules in favour of Wynyard parent in $171m claim
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