TracPlus wins application for interim injunction on v2track

TracPlus wins application for interim injunction on v2track
TracPlus took its case against v2track to the high court at Hamilton. (Image: Ross Setford/NZPA)
Riley Kennedy
TracPlus Global has won an interim injunction case against its former subsidiary after it was found to have unlawfully refused to end a contract with one of its clients. Two years ago, the Dunedin communications company signed a deal – which Wellington venture capital fund Movac helped fund with a $5 million investment – to acquire v2track, a Waikato company making tracking software. About 18 months later, at the end of 2021, v2track was sold back to its former owners and directors Kylan and Bevan Diprose.  According...

More Law & Regulation

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
Mass timber offices approved, gravel pit 'goneburger'
Infrastructure

Mass timber offices approved, gravel pit 'goneburger'

The planned $100m development became a flashpoint for critics of the RMA.

Oliver Lewis 01 Aug 2025
Bathurst vs Talley's: battling on
Markets Part 3

Bathurst vs Talley's: battling on

Bathurst turned back to Asian investors to raise capital this year.

Pattrick Smellie 31 Jul 2025