1 Jul 2016
COMMERCE COMMISSION v BAYLEY CORPORATION LTD [2016] NZHC 1493
- Citation
- [2016] NZHC 1493
- Court
- High Court
The Court declared Bayley had contravened s 27 via s 30 and accepted the parties' agreed $2.2m penalty as within the appropriate range after assessing seriousness (large market players, senior decision‑makers, substantial market impact, six‑month duration), potential gain, and comparable authorities, and applying a 45% aggregate discount for early admission and cooperation; deferred payment until 31 December 2016 with statutory interest was permitted on the evidence and without Commission objection.