New Zealand Case Law: Decisions & Judgments | LexChat

Topic

Penalty orders

Legal area

Court

13 Jul 2023

FINANCIAL MARKETS AUTHORITY v WEI (WALKER) ZHONG [2023] NZHC 1841

Citation

[2023] NZHC 1841
Court

High Court

The court made orders in terms of the plaintiff's draft, imposing pecuniary penalties of NZD 1,330,000 on Mr Zhong and NZD 760,000 on Ms Ding, and ordered under s 493 FMCA that those penalties are to be applied first to pay the plaintiff's actual costs of bringing the proceeding; other cost issues were reserved.
21 Feb 2017

COMMERCE COMMISSION v BARFOOT & THOMPSON LTD [2017] NZHC 218

Citation

[2017] NZHC 218
Court

High Court

The court was satisfied on the material provided that a further deferral of the penalty payable by L J Hooker was justified and that, had the variation been sought earlier, the court would have ordered payment of the $2,475,000 penalty in 12 equal monthly instalments beginning 28 February 2017 with interest accruing from that date at the rate prescribed by the Judicature Act 1908; accordingly the earlier order was varied to those terms.