Weaker hotel occupancy will impact investment, industry warns
A tourism lobby group is warning flat hotel occupancy levels will affect investment in accommodation, as figures show the average national occupancy level for last year was 79.1 percent, the same as 2018. Tourism Industry Aotearoa today said hoteliers are unlikely to see any grow...
Funder wants to open 'Pandora’s box' of building claims
The funder of a class action against manufacturers of particular types of combustible cladding is confident in its claim, despite limited council information about how many buildings actually use the product. Late last year, ASX-listed litigation funder IMF Bentham and law firm R...
Tenant ghosts Precinct after quitting Commercial Bay lease
Precinct Properties New Zealand is trying to liquidate a company which signed a deal to rent the top two floors of Auckland's Commercial Bay office project but has since ghosted the NZX-listed company. A court judgment released late last year reveals Golden Tower NZ, which told P...
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Where to for class actions in 2020
LPF Group’s funded Mainzeal suit and actions taken following the collapse of CBL Corporation are key cases to watch in 2020, say lawyers canvassed by BusinessDesk.Developments in the rules governing class actions will also be keenly observed in 2020 as the courts will have to set...
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