Will 2020 be the year New Zealand's life insurance industry calls time on policy churn and excessive broker commissions?Despite the Financial Markets Authority and Reserve Bank's efforts over the past 18 months and Commerce Minister Kris Faafoi introducing the Financial Markets (...
The class action against Intueri Education Group and its promoters, including ASX-listed Arowana, has signed up about 300 retail and institutional shareholders with losses of about $50 million.The class action arising from Intueri's $177 million float on NZX in 2014 is represente...
A multi-million dollar claim against Zespri has been hanging about too long and must go to trial next year, a High Court judge has ruled. This is despite the fact that the main witness for the company bringing the case, Shanghai Neuhof, remains in a Chinese jail. Justice Ed Wylie...
Nine other Eric Watson-linked companies have been moved into liquidation following the collapse of Cullen Group. Cullen Group was moved into liquidation by court order last week after a High Court judge refused to halt insolvency proceedings against it. KPMG’s Vivian Fatupaito wa...
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