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Fonterra's Dira breach appeal rejected by Supreme Court

Fonterra's Dira breach appeal rejected by Supreme Court

By Sophie Boot Dec. 21 (BusinessDesk) - Fonterra Cooperative Group breached the Dairy Industry Restructuring Act (Dira) by imposing less favourable terms on farmers who had previously supplied the failed New Zealand Dairies, the Supreme Court has confirmed. In 2015, the Hig...

Sophie Boot 20 Dec 2017
Commerce Commission takes court action against GEA Milfos alleging cartel pricing

Commerce Commission takes court action against GEA Milfos alleging cartel pricing

By Tina Morrison Dec. 21 (BusinessDesk) - The Commerce Commission is taking High Court action against GEA Milfos International alleging the milk testing technology company engaged in cartel pricing with rival Smart Farm Technologies. The regulator alleges Milfos breached th...

Tina Morrison 20 Dec 2017
China Construction Bank becomes 25th lender registered in NZ, joining NZ subsidiary

China Construction Bank becomes 25th lender registered in NZ, joining NZ subsidiary

By Jonathan Underhill Dec. 21 (BusinessDesk) - China Construction Bank Corp (CCB) has become the 25th lender to be registered to provide banking services in New Zealand, the Reserve Bank says. The Chinese lender will operate in New Zealand as a branch. It also has a subsidi...