16 Jul 2020
COMMERCE COMMISSION v INTERNATIONAL RACEHORSE TRANSPORT NZ [2020] NZHC 1716
- Citation
- [2020] NZHC 1716
- Court
- High Court
Declarations were appropriate because IRT Partnership admitted and gave effect to joint venture arrangements and Rate Agreements that controlled prices in breach of ss 27 and 30 over the relevant period, but a pecuniary penalty was not imposed because the Partnership was unable to pay, the conduct was not sufficiently egregious to demand a penalty for deterrence, and declarations would serve the public interest and educative and deterrent functions.