Reserve Bank gets budget boost
The Reserve Bank has welcomed a significant funding boost that will see its budget increase from $80 million in 2019/20 to $111.7 million next year. Finance Minister Grant Robertson said the increase recognises that the number of full-time employees at the central bank will in...
What next in mega CBL legal pile-on
The High Court has had its first combined hearing over several civil cases brought about following the collapse of CBL Corporation.
Zoono fights US$390k distributor claim
Hand sanitizer maker Zoono, the covid-19 success story with a market cap of AU$485.93 million, is fighting a US$390,000 claim against its former Chinese distributor. The Auckland company founded by Paul Hyslop has won an early bout in the case, initiated in 2019 by Shanghai-ba...
Huka Lodge sale lands in court
The latest in the battle between businessmen Michael Kidd and Alexander van Heeren has seen the parties return to court over the sale of the exclusive Huka Lodge.In January, the receiver of shares in van Heeren’s Worldwide Leisure agreed a sale of the luxury resort with US privat...
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