Supreme Court decision opens way for privatisations

Wed, 27 Feb 2013

By Pattrick Smellie Feb. 27 (BusinessDesk) - The government will be racing the clock to try and sell up to 49 percent of state-owned electricity company MightyRiverPower now that the Supreme Court has dismissed attempts by Maori claimants to settle Treaty of Waitangi claims to freshwater rights first. The unanimous decision of the five judge full bench of the Supreme Court clears the last legal hurdle to the MRP sale, which the government had hoped would be concluded before last Christmas. However, whether it can meet its own timetable and g...

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