Backdoor listing specialist Sorensen pressured to pay rival

Victoria Young
Tue, 26 Nov 2019

Investor John Sorensen is facing further legal threats from his former business partner Michael Jacomb, who is chasing about $600,000 owed by him personally.The pair were back in the courts this month as Jacomb continues to pursue the backdoor listing specialist for judgment debt awarded earlier this year. Jacomb now wants Sorensen to reveal his personal assets, a step usually taken ahead of gaining freezing orders or issuing bankruptcy proceedings. The stoush harks back to a failed Chilean investment venture in which Jacomb as...

Try us for 10 days free

Each day we publish 10 to 20 originally-reported news stories on New Zealand business and the political economy.

You also get:

Instant alerts based on any keywords you choose.
A custom library of your saved stories.
An industry-leading search engine

After your trial subscriptions cost $24 a month or $249 a year.

If you don’t like our news service, we make it easy to quit with our one-button cancel.

Find out more

Economy

UPDATE: RBNZ revs up the printing press, doesn't rule out negative rates

Rebecca Howard | Wed, 12 Aug 2020

(Updates to add comment from RBNZ governor and assistant governor) The Reserve Bank kept the official cash rate at a record low 0.25 percent but expanded its large-scale asset purchase programme t...

Coronavirus

Americold confident in supply chain despite covid shutdown

Victoria Young | Wed, 12 Aug 2020

Cool store operator Americold said it’s not yet concerned about supply chain impacts despite having two of its four Auckland facilities shut by the government after an employee tested positive for cov...

Economy

RBNZ revs up the printing press, doesn't rule out negative rates

Rebecca Howard | Wed, 12 Aug 2020

The Reserve Bank kept the official cash rate at a record low 0.25 percent but expanded its large-scale asset purchase programme to $100 billion and reiterated that negative interest rates and foreign...

Partner Content

How to future-proof your business

Keeping up with the ever-changing digital age can be daunting, and executives around the world are continually striving to improve their operations by embracing digital transformation, the new way of working that transcends traditional and outdated business practices.

Partner content

Don’t fear the robots. How software can help your business succeed

New Zealand businesses are on the road to recovery from the economic impact of the Covid-19 crisis but they, like corporates around the world, are having to change their operational practices.