Comcom loses bid to derail Harmoney appeal

Mon, 19 Aug 2019

By Victoria Young Aug. 19 (BusinessDesk) - The Commerce Commission has lost a bid to thwart peer-to-peer lender Harmoney’s appeal against regulatory proceedings. The judgment, handed down earlier this month, is the latest in the regulator’s pursuit of the firm. In a decision clarifying the regulator’s powers, a Court of Appeal panel of Justices Christine French, Forrie Miller and Joe Williams decided that it could hear an appeal even though the case was brought on a slightly unusual basis. In the Commerce Commission’s proceeding...

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