NZ court to decide Owen Glenn's latest conspiracy claim against Eric Watson

NZ court to decide Owen Glenn's latest conspiracy claim against Eric Watson
Eric Watson. (Image: NZME)
Riley Kennedy
A high court judge has agreed with Owen Glenn’s entity that New Zealand is the right place for his dispute to be heard over a supposedly fake coal contract Eric Watson created for him.The case, which went to a hearing late last year, relates to the long-running dispute between Watson and Glenn after their relationship broke down around 2013.It came after Watson persuaded Glenn to make investments with him between 2011 and 2012. In 2018, a United Kingdom high court ruled that Kea Investments, Glenn's company, and he personally had...

More Finance

Cautious lending keeps lid on default rates – Reserve Bank
Finance

Cautious lending keeps lid on default rates – Reserve Bank

Non-performing mortgages have overtaken Covid levels.

Jem Traylen 01 May 2024
'Confirmation of payee' anti-scam measure inches closer
Finance

'Confirmation of payee' anti-scam measure inches closer

Banks are getting closer to implementing anti-scam “confirmation of payee” measures.

Dileepa Fonseka 30 Apr 2024
UBS NZ returns to profit
Finance

UBS NZ returns to profit

Operating income was up 51.8%, rising from $31.9m in 2022 to $48.5m in 2023.

Murray Jones 30 Apr 2024
Matt Whineray to chair new FirstCape Group fund manager and adviser
Finance

Matt Whineray to chair new FirstCape Group fund manager and adviser

The new entity aims to scale up advice and fund management services in NZ.

Staff reporters 23 Apr 2024