Peter Simunovich knocked back again in fishing loan dispute

Peter Simunovich knocked back again in fishing loan dispute
Court of appeal. (Image: Supplied)
Riley Kennedy
The court of appeal has dismissed Peter Simunovich’s attempt to overturn a ruling that saw him fail in getting a claim tossed out by his former FE Investments co-director Mel Stewart that the former fishing magnate guaranteed $450,000 of loans now in default.Last Nov, Associate Judge Rachel Sussock knocked back Simunovich’s first attempt to strike out the claim by Stewart’s Federal Capital that he personally guaranteed two loans to Seafish Tasmania.These loans were part of an arrangement that arose from Seafish Tasma...

More Finance

RBNZ wants regulated entities reporting cyber incidents ASAP
Finance

RBNZ wants regulated entities reporting cyber incidents ASAP

The Reserve Bank of New Zealand has beefed up its cyber security requirements, wanting its regulated entities to report material incidents “as soon as possible”.After seeking feedback last year, the bank (RBNZ) is implementing new requirements in phases over 2024.They included re...

Staff reporters 04 Mar 2024
Ken Wikeley ordered to disclose details by start of week, or else
Finance

Ken Wikeley ordered to disclose details by start of week, or else

Wikeley faces the threat of prison if he doesn't do it.

Riley Kennedy 04 Mar 2024
ASB's Shortt: Move beyond 'investing to survive'
Finance

ASB's Shortt: Move beyond 'investing to survive'

The ASB CEO says businesses have been in 'investing to survive' mode.

Dileepa Fonseka 28 Feb 2024