Millions transferred to Kidd’s lawyers

Millions transferred to Kidd’s lawyers
Previous judgments in the dispute indicate joint business interests including Taupo’s Huka Lodge. (Image: supplied)
Michael Andrew
The solicitors for the late Michael Kidd were not entitled to organise a transfer of US$17.6 million (NZ$24.8m) without leave from the judge and before the judgment was sealed, the high court at Auckland has found.A decades-long dispute between Kidd and former business partner Alexander van Heeren culminated with Justice Pheroze Jagose giving an interim judgment in June and awarding US$17.6m to Kidd, following the 21-day hearing in March.On June 16, van Heeren sought a stay of the order pending determination of his potential appeal.However...

More Law & Regulation

Calling all mediators
Law & Regulation

Bronwyn Heenan: Calling all mediators

Workers and their bosses both need to have access to timely and skilled mediators.

Bronwyn Heenan 26 Apr 2024
'Serious compliance breaches' in NZ sharemarket
Markets

'Serious compliance breaches' in NZ sharemarket

Seven matters were referred to the NZ Markets Disciplinary Tribunal last year.

Murray Jones 24 Apr 2024
RBNZ challenges ComCom call to review its banking capital settings
Law & Regulation

RBNZ challenges ComCom call to review its banking capital settings

The RBNZ says it has just finished reviewing capital settings and is phasing them in.

Staff reporters 23 Apr 2024
NZ promotor of global pyramid scheme convicted on five charges
Law & Regulation

NZ promotor of global pyramid scheme convicted on five charges

Investors in the 'Lions Share' scheme lost nearly $17 million worldwide.

Staff reporters 23 Apr 2024