SkyCity-Macquarie parking court case kicks off

SkyCity-Macquarie parking court case kicks off
SkyCity wants a declaration that its interpretation of the contract is correct. (Image: SkyCity)
Victoria Young
SkyCity Entertainment Group’s two-day scrap over a $220 million contract it had with a Macquarie Group subsidiary has begun in the high court in Auckland.  Justice Neil Campbell is hearing the court case over a concession agreement for a parking building damaged in 2019’s international convention centre blaze. Macquarie subsidiary MPF Parking inked a deal with the casino operator, but SkyCity failed to remedy damage by the fire in the time stipulated, so MPF Parking terminated the contract, which was for rou...

More Markets

Why Fonterra wants to churn out more butter
Primary Sector

Why Fonterra wants to churn out more butter

Other dairy processors have also invested in it.

Fletcher Building MD: ‘It hurts to make these cuts’
Property

Fletcher Building MD: ‘It hurts to make these cuts’

An emotional Andrew Reding says staff understand why the firm has to cut back.

Steel & Tube and Michael Hill navigate economic headwinds
Markets

Steel & Tube and Michael Hill navigate economic headwinds

Steel & Tube says recovery could take another 12 to 18 months. 

Kiwibank eyes a fairer fight with the Aussie big four
Finance

Kiwibank eyes a fairer fight with the Aussie big four

Kiwibank, partway through a $500m capital hike, sells growth and culture stories.