Spark wins lawsuit brought by Cayman Islands firm

Spark was awarded costs after successfully defending claims made against it. (Image: NZME)

Mon, 19 Feb 2024

Spark has successfully batted away a lawsuit brought by a Cayman Islands-incorporated company claiming the New Zealand stock exchange-listed telco acquired valuable contractual rights from a director who breached fiduciary obligations.The disputes between Cayman Spectrum and Spark arose out of transactions involving the purchase, use and sale of radio spectrum – the range of electromagnetic frequencies used for wireless communication such as mobile phone networks and wifi.Allegations against SparkAt the high court in Auckland, plaintiff C...

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