Subscribe today - find out more
Why you should consider BusinessDesk
Listed Companies

Court rules on Turners’ car-yard quarrel and the non-compliant Hellcat

Michael Andrew
Wed, 22 Sep 2021

A Dodge Challenger Hellcat featured in the high court case between Turners and a vendor (Photo: Deposit Photos)
Michael Andrew
Wed, 22 Sep 2021
Turners Automotive did not breach fundamental covenants in a contract with a vendor who was banned from its car yards, the high court has found.Entrepreneur and Buy Right Cars founder Brandon Orlandini, who sold the business to Turners in 2016, sued the NZX-listed company after the relationship soured and he claimed he was unable to achieve future earnouts.The acquisition deal of Buy Right Cars involved Turners paying $9.2 million in cash, buying $22m of stock, and agreeing to pay another $6.12m over two years – if performance targets wer...

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Why US private equity still sees a silver lining in the All Blacks
Trevor McKewen | Sat, 16 Oct 2021

 Silver Lake has been battered from pillar to post in the great Kiwi rugby debate. So, why is it not giving up?

On the Money
On the Money: John Key, car boss's big bonus, Chris Meehan, and more
Rebecca Stevenson | Sat, 16 Oct 2021

OTM this week: who is the go-to lawyer for high net worth New Zealanders, can this listed company boss rev up his firm, which tech exec is living la vida normal, and more.

Has Rob Everett thrown a hospital pass?
Brian Gaynor | Sat, 16 Oct 2021

Samantha Barrass, Rob Everett’s successor at the FMA, may have a baptism of fire.

Let's not lose sight of the wood for the trees

As much generation will need to be built in the next 14 years as has been built in the last 40+ years for Aotearoa to meet its commitment of achieving net zero emissions by 2050.

Getting the health and safety of remote workers right

With many staff working alone or in isolated situations, workplace health and safety is an operational priority. Here is how your business can protect remote workers.