The situation is unprecedented in NZ and allowing the company to delist will only make things worse.
Creditors are claiming another $9 million as Brian Henry steps in to represent NF Global’s director Claude Oberto, who claims he has resigned twice from the company.
The deposit guarantee scheme will mean depositors can be assured of keeping deposits up to $100,000 per institution.
Smaller electricity retailers have rubbished the decision and are calling for the market regulator to be replaced.
Editor
Followers will be emailed
articles by Victoria