America’s Cup organiser sues over Hungarian scam, Prego dinner

America’s Cup organiser sues over Hungarian scam, Prego dinner
Victoria Young
Emirates Team New Zealand's events arm America’s Cup Events is suing former contractor Mayo & Calder in a multi-million dollar battle over a Hungarian bank scam and a $1,200 meal at Auckland restaurant Prego.Mayo & Calder is fighting back with a countersuit alleging ACE's termination of its contract was unlawful and that ACE has damaged its reputation. Mayo & Calder wants $1.1 million for the early end to its contract and damages to be worked out at trial.ACE’s court documents, viewed by BusinessDesk, were filed...

More Law & Regulation

'Get creative on BTR funding', developer urges
Finance

'Get creative on BTR funding', developer urges

Banks are pricing build-to-rent at higher risk than they have to, operators say.

Maria Slade 11 Oct 2024
Du Val founders seek legal aid
Property

Du Val founders seek legal aid

Receivers are trying to get out of paying rent on the Clarkes' Remuera home.

FMA on legal high
Law & Regulation

David Chaplin: FMA on legal high

The FMA's need to court approval for liquidity risk guidelines is interesting timing.

David Chaplin 09 Oct 2024
FMA takes ASB Bank to court for overcharging customers
Finance

FMA takes ASB Bank to court for overcharging customers

The FMA claims the bank overcharged some customers by nearly $4m.

Staff reporters 08 Oct 2024