Justice – or not – is a long time coming for financial crimes

Justice – or not – is a long time coming for financial crimes
Financial misconduct cases can take many years. (Image: iStock)
Jenny Ruth
It was a real blast from the past: in February, the Takeovers Panel announced it was taking civil proceedings in the high court against New Image – for breaches of the Takeovers Code nearly a decade earlier.Is this another case of justice delayed being justice denied?It’s certainly true that civil litigation of the type the panel took against New Image takes an interminable length of time before cases reach their often unsatisfactory conclusions.In New Image’s case, the panel can chalk up a victory because in June the high cou...

More Finance

Westpac cops $3.64m penalty for lender responsibility breaches
Finance

Westpac cops $3.64m penalty for lender responsibility breaches

Credit Contracts and Consumer Finance Act in focus again.

Andy Macdonald 28 Nov 2025
Scam protection at heart of Code of Banking Practice update
Finance

Scam protection at heart of Code of Banking Practice update

Compensation is on the cards if banks fail all five scam-protection commitments.

Andy Macdonald 28 Nov 2025
RBNZ staff thin on ground after asbestos reopen
Finance

RBNZ staff thin on ground after asbestos reopen

The finance minister understands the new flexible working policy for the RBNZ is near.

Andy Macdonald 28 Nov 2025
RBNZ data scotches Dosh claims of bank registration application
Finance

RBNZ data scotches Dosh claims of bank registration application

The regulator received no bank-registration applications in July 2024. 

Andy Macdonald 27 Nov 2025