What next in mega CBL legal pile-on

Victoria Young
Fri, 26 Jun 2020

Victoria Young
Fri, 26 Jun 2020
The High Court has had its first combined hearing over several civil cases brought about following the collapse of CBL Corporation.The NZX-listed insurer had a market capitalisation of $747 million when it fell over in February 2018, attracting lawsuits from representatives for creditors, regulators and shareholders alike.More than 10 lawyers – including four QCs - piled into courtroom 11 at the High Court at Auckland today for the first airing of the matter, which was largely administrative and related to timetabling. Another 10 or...
Listed Companies
Huljich family sells 25% of Pushpay stake
Dan Brunskill | Tue, 14 Jul 2020

The Huljich family has sold a quarter of its cornerstone stake in Pushpay Holdings, one of the rising software company stars. The 14.4 million shares were sold for $123.8 million, or $8.60 per shar...

Housing market rebounds sharply; caution required
Jenny Ruth | Tue, 14 Jul 2020

The housing market bounded out of lockdown last month with sales volumes the highest for June in four years and prices nationally up 8.6 percent from a year earlier. The Real Estate Institute's lat...

Election 2020
ELECTION 2020: NZ First moves fast to seek political capital from Muller resignation
Pattrick Smellie | Tue, 14 Jul 2020

New Zealand First party leader Winston Peters was quick out of the blocks to issue a statement on the shock resignation of National Party's leader, Todd Muller, this morning. With NZ First polling...

The role of private equity in the wake of COVID-19

As local covid-19 restrictions ease, a new business cycle is beginning in New Zealand.