Law & Regulation

Trusts distancing themselves from prominent businessman

Michael Andrew
Thu, 07 Apr 2022

Trusts distancing themselves from prominent businessman
A blessing application was sought with the high court. (Photo: Supplied)
Michael Andrew
Thu, 07 Apr 2022
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...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets FREE
Eroad shares fall to all-time low
Ella Somers | Thu, 30 Jun 2022

Fleet management company Eroad dropped 3.4% to $1.42 today – its lowest share price since 2016.

Finance
Finlay steps down as NZ Post chair as he joins RBNZ board
Jenny Ruth | Thu, 30 Jun 2022

No mention was made of Rodger Finlay's term ending as chair of NZ Post when controversy over his appointment to RBNZ's new board blew up earlier this month.

Opinion
My bet? Ardern says the EU-NZ FTA needs more work
Rebecca Howard | Thu, 30 Jun 2022

Arden’ll just say it’s very close, but more talks are needed. That’s much easier to spin than a deal at any cost.

Sponsored
Digital innovation could shape the future of NZ

The digital age allows us to collaborate on some of our greatest scientific and environmental challenges

Sponsored
Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.