Media releases
Media releases from the Commerce Commission.
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10 Jul 2020
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Court of Appeal issues ruling in case regarding Harmoney’s lending model
The Court of Appeal has largely dismissed peer to peer lender Harmoney’s appeal against a High Court opinion on a question of law, and upheld the Commerce Commission’s cross appeal.Read more
10 Jul 2020
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Statement of Preliminary Issues released for AJ Park’s application to acquire Baldwins
The Commerce Commission has published a Statement of Preliminary Issues relating to an application from AJ Park IP Limited, in conjunction with AJ Park Law Limited (together, AJ Park), to acquire the assets of Baldwins Intellectual Property, Baldwin Holdings Limited, Baldwins Intellectual Property Limited and Baldwins Law Limited (Baldwins).Read more
9 Jul 2020
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Commission grants clearance for Elanco to acquire Bayer’s animal health business subject to divestment
The Commerce Commission has granted clearance for Elanco to acquire Bayer’s animal health business, subject to a divestment undertaking requiring Elanco to divest three brands: Maggo, Zapp Encore, and Osurnia.Read more
8 Jul 2020
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High cost lender Pretty Penny quits NZ, writes off loans in Commerce Commission settlement
Australian high-cost short-term lender Quadsaa Pty Limited (trading as Pretty Penny and PPL) has undertaken to write off all outstanding loan balances in a settlement agreement with the Commerce Commission.Read more
7 Jul 2020
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Commerce Commission releases guidelines on environmental claims
The Commerce Commission has released guidelines to help traders understand their obligations when making environmental claims, including how to avoid breaching the Fair Trading Act.Read more
30 Jun 2020
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High Cost lender Ferratum admits responsible lending breaches
High-cost lender Ferratum New Zealand Limited has admitted breaching responsible lending provisions of the Credit Contracts and Consumer Finance Act 2003 (CCCF Act).Read more
25 Jun 2020
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Kitset home business director pleads guilty to breaching the Fair Trading Act
Emma Gestro the director of now defunct Get Design and Sales Limited (Get Design) has pleaded guilty to three charges laid by The Commerce Commission for breaching the Fair Trading Act when taking payment for goods.Read more
23 Jun 2020
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Couple and company fined for false or misleading fire extinguisher servicing claims
A fire extinguisher service company, its owner and his wife have been fined a total of $60,000 on Fair Trading Act charges and have undertaken that they will no longer participate in the fire extinguisher servicing industry, following a Commerce Commission investigation.Read more
22 Jun 2020
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AJ Park seeks clearance to acquire Baldwins
The Commerce Commission has received a clearance application from AJ Park IP Limited to acquire the assets of Baldwins Intellectual Property, Baldwin Holdings Limited, Baldwins Intellectual Property Limited and Baldwins Law Limited.Read more
22 Jun 2020
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Commission closes investigation into Datix’s acquisition of RL Solutions
The Commerce Commission closed its investigation into Datix’s acquisition of RL Solutions on 10 December 2019 as its concerns with the acquisition were addressed.Read more