First instalment received after settlement, say liquidators, but amount remains confidential.
The sentence came after a wider Ministry for Primary Industries compliance investigation dubbed ‘Operation Spirit’.
Regulator alleges related party transactions were not in investor interests, Booster says it will defend claims vigorously.
Similar case in Australia could indicate which way the due diligence charges brought by Maritime NZ against Port of Auckland former CEO will swing.
The Commerce Commission claims more than $7 million was incorrectly charged to more than 36,000 customers.
High Court hears presentations on agreed penalty after insurer’s managing director admits misleading conduct and disclosure failures.
High Court action cites breach of contract by Christchurch owners of townhouse and apartment developer.
FMA claims due to be heard this month have been adjourned until outcome of SFO criminal appeal.
Receivers of the company that owned the luxury Six Senses Resort in Fiji appointed liquidators to Andrew Griffiths’ company in February last year.
Nikki Connors had her assets frozen by the Christchurch High Court in December.