10 Jun 2022
TE KOMIHANA TAUHOKOHOKO/COMMERCE COMMISSION v OCEANBRIDGE SHIPPING LTD [2022] NZHC 1371
- Citation
- [2022] NZHC 1371
- Court
- High Court
The Court accepted the defendants' admissions that Oceanbridge entered into and gave effect to multiple unlawful one-way and two-way customer allocation arrangements and occasional cover pricing in breach of ss 27 and 30; having assessed seriousness, seniority, duration, market importance, limited but significant deceptive conduct, cooperation and prompt cessation, the Court found the agreed penalties of $4.6 million for Oceanbridge and $100,000 for Mr Speedy were within the appropriate range to achieve specific and general deterrence and ordered those pecuniary penalties, with ancillary conf…