27 May 2015
FINANCIAL MARKETS AUTHORITY v ARENA CAPITAL LIMITED [2015] NZHC 1156
- Citation
- [2015] NZHC 1156
- Court
- High Court
The Court was satisfied that, on the material before it, appointment of Grant Graham and Neale Jackson as receivers and managers of Arena Capital Limited was necessary and appropriate under s523(h) of the Financial Markets Conduct Act 2013 to protect investor interests; accordingly the appointment was made with specified powers, indemnities and reporting obligations, and interim asset preservation orders were modified to permit their conduct.