NZ has a blueprint for a world-leading class action regime

NZ has a blueprint for a world-leading class action regime
The high court in Auckland. (Image: Getty)
Gracey Campbell
New Zealand has a rare opportunity. While other nations have arrived at class action regimes through decades of legislation, regulation and case law, NZ is in the privileged position of effectively building a system from scratch, learning from the trials and errors of others.In June, the Aotearoa NZ Law Commission handed down its report on class actions and litigation funding, making 121 recommendations to guide the introduction of a statutory class actions regime that would formalise the important role of legal financiers in improving people&r...

More Law & Regulation

Smiths City owes creditors $26.8m
Retail

Smiths City owes creditors $26.8m

The outlook for unsecured creditors of the former retail icon Smiths City appears bleak, as liabilities have mounted to more than $26.8 million.Liquidators for the century-old retailer stated in their initial report that 240 creditors were owed money by the company, as reported b...

Cost-benefit issues in spotlight amid RBNZ review
Finance

Cost-benefit issues in spotlight amid RBNZ review

The Reserve Bank of NZ had received 42 submissions to the review.

Calibre Partners seeks buyer for Futureverse
Law & Regulation

Calibre Partners seeks buyer for Futureverse

The insolvency came just over two years after 50T Funds led a $54m funding round.

Gregor Thompson 08 Oct 2025
Former real estate agent Aaron Drever jailed for eight months
Law & Regulation

Former real estate agent Aaron Drever jailed for eight months

A disgraced real estate agent and convicted fraudster has been handed eight more months in prison for deception.Aaron Carl Drever is already behind bars for insolvency crimes, but was sentenced this week to more jail time for concealing income from the Official Assignee while an...

Staff reporters 08 Oct 2025