Trusts distancing themselves from prominent businessman

Trusts distancing themselves from prominent businessman
A blessing application was sought with the high court. (Photo: Supplied)
Michael Andrew
The Auckland high court has allowed trustees of two “substantial” charitable trusts worth $30 million to continue their bid to dissociate from a wealthy businessman who was convicted of indecent assault in March last year.The trustees sought an urgent blessing order from the court in late February, which under the Trusts Act would protect them from liability while they seek to implement a restructure and limit the association between their widely distributed assets and the businessman.The prominent businessman, who was once a t...

More Law & Regulation

Southern Cross pays record 3.8 million claims
Law & Regulation

Southern Cross pays record 3.8 million claims

Rising demand and more frequent claims push up costs, directly impacting premiums.

Qippay poised to provide Pacific region with real-time payments
Markets

Qippay poised to provide Pacific region with real-time payments

Samoa and Tonga were expected to be the first, followed by Fiji and Papua New Guinea.

Quake-prone buildings regulatory shake-up to net $8.2b savings
Infrastructure

Quake-prone buildings regulatory shake-up to net $8.2b savings

Tweaks to quake-prone building rules to give fairer, risk-based system and drive savings.

Staff reporters 29 Sep 2025
Industry pleads for action on 'outdated' Standards NZ
Law & Regulation

Industry pleads for action on 'outdated' Standards NZ

New Zealand's standards framework is facing collapse, business groups say.

Maria Slade 26 Sep 2025