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

EA flags cost-shifting in connection charges
Infrastructure

EA flags cost-shifting in connection charges

The electricity regulator links connection charges to cost-shifting onto new customers. 

Ian Llewellyn 17 Nov 2025
Uber drivers win battle for employee status in landmark Supreme Court case
Law & Regulation

Uber drivers win battle for employee status in landmark Supreme Court case

Four drivers have won their battle against Uber to be treated as employees rather than contractors.The Supreme Court has rejected Uber’s bid for the court to overturn a 2024 Court of Appeal ruling that found the drivers were employees.The multinational ride-sharing company did no...

Staff reporters 17 Nov 2025
Banks accelerate crackdown on ‘mule’ scammers
Finance

Banks accelerate crackdown on ‘mule’ scammers

New technology picks up crooked “muleteers” more quickly.

Andy Macdonald 17 Nov 2025
Why buying coffee with Bitcoin triggers tax admin
Law & Regulation

Why buying coffee with Bitcoin triggers tax admin

In NZ, buying a coffee with Bitcoin is the stuff of tax nightmares.

Dileepa Fonseka 17 Nov 2025