Port Marlborough evicts aquarium, leads to two liquidations

Port Marlborough evicts aquarium, leads to two liquidations
The aquarium was housed in the building with the green roof, at left. (Image: Getty)
Riley Kennedy
Port Marlborough has gone to the high court to evict a well-known Picton aquarium off its property, ending a long-running dispute.Ecoworld Aquarium, on the town’s waterfront, entered into a 10-year lease with the port company in January 2011, with no right of renewal.However, the company’s shareholder, John Reuhman, alleged the port had agreed to renew the lease and continued to occupy the property.Port Marlborough then took the dispute to the high court. It ruled on Nov 17 that the lease had ended and said Ecoworld had 20 days to v...

More Finance

FMA to oversee ‘regulatory sandbox’ for fintechs
Finance

FMA to oversee ‘regulatory sandbox’ for fintechs

The initiative aims to speed up financial services innovation and regulation in NZ.

Todd Corp: what went wrong?
Finance

Todd Corp: what went wrong?

A dividend freeze as the family empire rebuilds for the future.

BNZ defends profit as essential to attract capital
Finance

BNZ defends profit as essential to attract capital

The last major bank, BNZ, has fronted up to Parliament.

RBA’s policy shift brings February cut into focus
Finance

RBA’s policy shift brings February cut into focus

The central bank’s assessment reflected growing confidence that inflation is being tamed.