Fonterra tells appeal court former NZDL suppliers shouldn't qualify for DIRA

Tue, 13 Sep 2016

By Sophie Boot Sept. 13 (BusinessDesk) - Farmers who ended up supplying Fonterra Cooperative Group when it bought a failed Canterbury dairy business out of receivership shouldn't be entitled to the benefits provides to its shareholder farmers, the Court of Appeal heard today. Fonterra is appealing a decision in the High Court in Auckland last December, where Justice Matthew Muir ruled the milk processor breached the Dairy Industry Restructuring Act (DIRA) under which it operates by imposing inferior terms on farmers who had previously sup...

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