Ken Wikeley, Eric Watson's judgment against Owen Glenn obtained by 'fraud'

Ken Wikeley, Eric Watson's judgment against Owen Glenn obtained by 'fraud'
Eric Watson. (Image: NZME)
Riley Kennedy
A high court judge has ruled that businessmen Ken Wikeley and Eric Watson have to “desist” from pursuing an apparent coal agreement at the centre of the global litigation against fellow New Zealander Owen Glenn, saying the default judgment was obtained by fraud.The legal fight centres around an apparent agreement Watson, who is now subject to bankruptcy proceedings in NZ, signed on behalf of Glenn more than a decade ago. Glenn only learned of the deal last year when his Kea Investments and its UK solicitors received a statutory...

More Law & Regulation

Health and safety overhaul coming this week
Law & Regulation

Health and safety overhaul coming this week

The first tranche of changes announced on Monday has already provoked criticism.

Woolworths, Foodstuffs' Quin say divestment will lift prices
Retail

Woolworths, Foodstuffs' Quin say divestment will lift prices

An academic says claims that customers benefit from scale are overstated.

RBNZ signals U-turn on bank capital requirements
Finance

RBNZ signals U-turn on bank capital requirements

A major shift at RBNZ's first public outing since Adrian Orr's sudden departure.

Auckland airport pares aviation charges
Markets

Auckland airport pares aviation charges

The change will save passengers about $150m over five years.