NZX nudges ahead in 'no holds barred' battle over Clear Grain exchange

Sun, 20 Dec 2015

By Paul McBeth Dec. 21 (BusinessDesk) - NZX, the stock market operator, came out ahead in the latest instalment of its "no holds barred" battle with Ralec, the Australian sellers of the Clear Grain Exchange, winning a small costs award ahead of next year's eight-week trial. Wellington-based NZX was awarded costs of $12,500, plus disbursements by Justice Robert Dobson in the second ruling on interlocutory matters this year in its long-running dispute with Ralec. Of the five applications NZX sought during an October hearing, it was partial...

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