1 Apr 2010
TELECOM NEW ZEALAND LIMITED V COMMERCE COMMISSION HC WN CIV 2008-485-2293
- Citation
- openlaw-99ec4cd9_8779_4527_bc6c_ddb3e57218d6.pdf
- Court
- High Court
The Court held that the Commission consistently treated technology risk as having both systematic and unsystematic components, that removal of modelling new technologies legitimately reduced systematic capital risk and justified a lower asset beta, that the Commission's approach was lawful and adequately explained, and therefore Telecom's judicial review and appeals failed.