'Crude' Mainzeal compensation questioned

Victoria Young
Tue, 28 Jul 2020

Justice David Goddard asked many questions on quantum at yesterday’s Mainzeal Court of Appeal hearing, but appeared unsatisfied with the answers. “So…you can do it a whole bunch of ways, which produce wildly different outcomes, and there’s no expert evidence,” he said to Jenny Shipley’s lawyer Michael Arthur. The answer, in short, was yes, although Arthur said trial judge Justice Francis Cooke had used what evidence he had available to him to come with up the $36 million figure that Shipley and the other three directors were held liable f...
Primary Sector
China trade fears unmatched by good alternatives: report
Pattrick Smellie | Wed, 05 Aug 2020

Fears that New Zealand is overly reliant on trading with China ignore that there are few more attractive markets for many of the country's major exports, says a report by economic consultancy Sens...

Listed Companies
SFO-directed raid complicates Spark claim
Victoria Young | Wed, 05 Aug 2020

An accused co-conspirator has complained a Serious Fraud Office-ordered raid on his home has meant he can't comply with disclosure orders in a case brought by Spark New Zealand.  The telco claims t...

Primary Sector
Farmers to get $122m in fertiliser cheques
Brent Melville | Wed, 05 Aug 2020

Fertiliser heavyweights Ballance Agri-Nutrients and Ravensdown have fought their way through the covid-19 response, kicking back rebates of $54 million and $68 million respectively to farmer-sharehold...

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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.