China Forestry fails to keep evidence in NZ during shipping dispute

China Forestry fails to keep evidence in NZ during shipping dispute
The Achilles Bulker has been at Port of Tauranga since the rudder accident in July. (Image: Supplied)
Oliver Lewis
The New Zealand arm of a multinational forestry group has failed in its bid to have evidence of a shipping failure preserved in NZ to help it with offshore arbitration.On July 24, the Achilles Bulker lost its rudder as it left Port of Tauranga.The ship, owned by SE Apex Corporation (SEA), was carrying logs owned by China Forestry Group Corporation (CFGC) NZ, a large forestry manager and exporter. CFGC had sold the logs but the buyer terminated the contract because China Forestry wasn’t able to deliver, so CFGC is claiming against SEA...

More Law & Regulation

Watson raises NZ citizenship to snuff insider trading charge
Law & Regulation

Watson raises NZ citizenship to snuff insider trading charge

Eric Watson fires another legal volley in his insider trading battle.

ASB's $35.5m mystery payout to customers
Markets

ASB's $35.5m mystery payout to customers

CBA reveals A$33m remediation provision for ASB customers ahead of A$10b expected result.

Garth Bray 06 Aug 2025
Christchurch Casino admits to AML breaches
Law & Regulation

Christchurch Casino admits to AML breaches

Christchurch Casino has admitted to a raft of anti-money laundering compliance failures and agreed to a proposed $5.06 million penalty.The Department of Internal Affairs (DIA) said on Friday that as part of the settlement, Christchurch Casino admitted all seven causes of action i...

Gregor Thompson 01 Aug 2025