The High Court in Auckland has declined applications by Bluestone Mortgages NZ Limited and two other entities for leave to apply for summary judgment, and alternatively to strike out claims brought by the Commerce Commission.
The High Court in Auckland has declined applications by Bluestone Mortgages NZ Limited and two other entities for leave to apply for summary judgment, and alternatively to strike out claims brought by the Commerce Commission.
The Commerce Commission has filed civil proceedings in the High Court against Bluestone Mortgages NZ Limited, Trustees Executors Limited and TEA Custodians (Bluestone) Limited under the Credit Contracts and Consumer Finance Act 2004 in relation to the reasonableness of the Deferred Establishment Fee charged to some of Bluestone's debtors..
As the proceedings are still before the court there will be no further comment.
