Business
Law & Regulation
Judge keeps Ross ponzi class action alive
The High Court at Wellington has declined ANZ Bank’s attempt to get a suit from more than 500 investors of failed Ross Asset Management thrown out early. Justice Jillian Mallon ruled today that the $80 million class action must go to trial. The investor case alleges David R...
Policy
Risk of power retailers failing prompts regulatory intervention
The risk of “multiple defaults” among electricity retailers has prompted the sector regulator to require the largest network companies to provide financial support to some of their customers. The Electricity Authority plans an urgent rule change that will require the six large...
Finance
BNZ accused of sabotage by former business partner
The company behind failed payments platform Swipe HQ is suing BNZ and SmartPay, accusing the pair of deceit and conspiring against it.
Infrastructure
Small ETS reprieve for heavy industry
Heavy industry has had a small win on emissions policy, with the government allowing greater protections for firms most at risk from overseas rivals.
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