Simon Herbert’s Empire and Vital talk settlement in takeover fee stoush

Simon Herbert’s Empire and Vital talk settlement in takeover fee stoush
Empire Technology’s Simon Herbert and wife Paula. (Image: Supplied)
Victoria Young
A dispute between Simon Herbert’s Empire Technology and Vital has been deferred from court as the parties move to settle their grievance. Empire Technology bid to take over telco Vital Ltd in August last year. The bid failed, and the company, formerly known as TeamTalk, was eventually taken over by Tait Communications in September this year.After the Empire takeover failed, Vital invoiced for its takeover expenses, but Empire refused to pay the demanded $247,036. Empire hit back and said it should pay $108,424.70 plus interest a...

More Law & Regulation

FMA chair Stobo stands down pending investigation
Law & Regulation

FMA chair Stobo stands down pending investigation

MBIE has commenced an investigation "into matters that have been raised".

Staff reporters 05 Dec 2025
IAG unveils Phillip Gibson to become CEO
Law & Regulation

IAG unveils Phillip Gibson to become CEO

IAG has appointed a new chief executive a month after a media leak revealed the departure of the insurance giant’s existing boss in New Zealand, Amanda Whiting.Phillip Gibson will become IAG NZ’s chief executive on March 2, while Whiting will take up a new role with the insurance...

Staff reporters 05 Dec 2025
Bankrupt businessman wins sentence reduction
Law & Regulation

Bankrupt businessman wins sentence reduction

The judge said Aaron Coupe’s offending was the most serious of its kind in New Zealand.

John Anthony 05 Dec 2025
Wellington Hiremaster bought out, saved from liquidation
Law & Regulation

Wellington Hiremaster bought out, saved from liquidation

The liquidators for Wellington events company Hiremaster have found a buyer.

Jaime Lyth 05 Dec 2025