Aussie judge opens door for joint hearing in Halifax liquidation

Aussie judge opens door for joint hearing in Halifax liquidation
Victoria Young
By Victoria Young Sept. 3 (BusinessDesk) - In an unusual case, an Australian court has decided the New Zealand High Court should cooperate with its Australian counterpart and hold a joint hearing to resolve matters in the A$19 million Halifax liquidation.   The decision of the Australian Federal Court brings investors a step closer to recovering funds, and may set a new legal precedent in cross-border cooperation.  Online broker Halifax was moved into liquidation in November last year with KPMG’s Morgan Kelly, Stewart McCallum and Phil...

More Finance

FMA warns lenders on mortgage fraud
Finance

FMA warns lenders on mortgage fraud

The FMA sees dangers for borrowers if lenders aren't vigilant.

Staff reporters 25 Jul 2025
‘Teflon Man’ Neil Quigley’s next big job
Finance Analysis

Pattrick Smellie: ‘Teflon Man’ Neil Quigley’s next big job

Is the RBNZ lining up a Canadian replacement for Adrian Orr?

Pattrick Smellie 23 Jul 2025
Time ripe to stop forex fees confusion
Finance

Time ripe to stop forex fees confusion

Misleading 'fees free' foreign exchange deals are costing Kiwis.

Pattrick Smellie 22 Jul 2025
BNZ whistleblower wins $500k, fights on
Finance

BNZ whistleblower wins $500k, fights on

 Melissa Bowen had sought more than $3 million after she lost her job at the bank.

Victoria Young 18 Jul 2025