Turners couldn’t handle unorthodox approach of used car dealer, court told

Turners couldn’t handle unorthodox approach of used car dealer, court told
Victoria Young
Turners Automotive Group couldn’t handle the unorthodox business approach of Brandon Orlandini, the used car dealer whose business it bought, the High Court heard today.Orlandini’s company, Turnover Limited, is suing Turners following a relationship breakdown following the $15.3 million cash and shares deal for Buy Right Cars in 2017. Orlandini founded Buy Right Cars in 1997.Turners has dropped the Buy Right Cars name and last year wrote down the value of the acquisition by $4.6 million.As part of the deal, Orlandini and two other k...

More Law & Regulation

NZX, NZSA want level playing field in climate reporting
Markets

NZX, NZSA want level playing field in climate reporting

Climate reporting liabilities for company directors could soon be eased.

Greg Hurrell 13 Dec 2024
Govt starts again on Holidays Act reform
Law & Regulation

Govt starts again on Holidays Act reform

Brooke van Velden says the Govt will go in a different direction on Holidays Act changes.

Dileepa Fonseka 13 Dec 2024
Triple Connection faces liquidation
Property

Triple Connection faces liquidation

The debt collector says the company "don't pay their bills".

Gregor Thompson 13 Dec 2024
We're gonna need a smaller boat: emission targets
Law & Regulation

We're gonna need a smaller boat: emission targets

A plan to install 10,000 EV chargers by 2030 won't shift the dial in the short term.

Greg Hurrell 12 Dec 2024