Mark Hotchin's lawsuit over property deal goes to trial

Mark Hotchin's lawsuit over property deal goes to trial
Mark Hotchin. (Image: NZME)
Riley Kennedy
A five-day hearing to consider former Hanover Group co-owner Mark Hotchin's lawsuit over the purchase of a unit within a central Auckland building started on Monday. The case, relating to Hotchin's OHL Limited's $3.5 million purchase in 2018 of a unit at 2 Kitchener St in the city’s CBD from Premier Property Developments (PPD), is being heard this week in the high court at Auckland before Justice Pheroze Jagose.The dispute is about whether the tenancy income on the property had been overstated during the sale. That was conduct...

More Finance

December interest rate cut uncertain: Fed governor
Finance

December interest rate cut uncertain: Fed governor

Lisa Cook says the timing of further reductions will depend on new data.

Bayly to banks: ‘Just get on with it’
Finance

Bayly to banks: ‘Just get on with it’

Minister Andrew Bayly is impatient for the changes needed to improve competition.

Ben Moore 20 Nov 2024
‘Regulatory failure’ let NZ’s payments fall behind
Finance

‘Regulatory failure’ let NZ’s payments fall behind

NZ was the All Blacks of payments, but now barely makes regionals as regulation lagged.

Ben Moore 19 Nov 2024