Law & Regulation

America’s Cup organiser sues over Hungarian scam, Prego dinner

Victoria Young
Fri, 28 Aug 2020

Victoria Young
Fri, 28 Aug 2020
Emirates Team New Zealand's events arm America’s Cup Events is suing former contractor Mayo & Calder in a multi-million dollar battle over a Hungarian bank scam and a $1,200 meal at Auckland restaurant Prego.Mayo & Calder is fighting back with a countersuit alleging ACE's termination of its contract was unlawful and that ACE has damaged its reputation. Mayo & Calder wants $1.1 million for the early end to its contract and damages to be worked out at trial.ACE’s court documents, viewed by BusinessDesk, were filed...

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