High Court rules no damages or pecuniary loss proven in accountants' legal spat

Thu, 06 Aug 2015

By Fiona Rotherham Aug. 6 (BusinessDesk) - A legal spat between two New Zealand accountancy groups has ended with the High Court ruling that some of the NZ Institute of Chartered Accountant's advertisements breached the Fair Trading Act but no damages could be proven and it stopped short of declaring any defamation had occurred because no pecuniary losses were made out. CPA Australia had sought $50,000 damages against the NZ Institute of Chartered Accountants under the Defamation Act and Fair Trading Act claiming that its competitor had o...

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