About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   depositrates.co.nz  |   landlords.co.nz
Last Article Uploaded: Tuesday, August 30th, 5:26PM
rss
Latest Headlines

Commission has another go at Southern Cross

The Commerce Commission applies for leave to overturn Southern Cross decision.

Tuesday, April 10th 2001, 1:20PM

The Commerce Commission has applied to the High Court for leave to appeal the court's decision allowing Southern Cross to keep all of Aetna Health.

The commission has sought leave to take the matter to the Court of Appeal. A decision on this has been reserved.

Last month the High Court gave overturned a ruling from the commission regarding Southern Cross's takeover of Aetna. The commission twice turned down Southern Cross's application to buy all of Aetna on the grounds that it would gain a dominant market position.

However, it approved Southern Cross's third application on the provision that Southern Cross sold all of Aetna's existing policies.

The High Court ruled that Southern Cross did not have to divest the policies, saying that there were low barriers to entry in the market and that the commission had defined the market too narrowly.

The court's decision was the commission's first set back in the area of business acquisitions in almost a decade.

« Hellaby backs Club LifeBattle for control of Aetna not yet over »

Special Offers

Commenting is closed

 

print

Printable version  

print

Email to a friend
Strategy Thoughts
News Bites
Latest Comments
  • Client interests: first, best or last?
    “The IFA are continually telling consumers and advisers alike that their members are true professionals and should be viewed...”
    7 hours ago by Graeme Tee
  • Stewart nails third capital raising
    “Well done to Lifetime and Ralph Stewart. I'm interested in the development of the Superannuation Fund for pension transfers....”
    8 hours ago by Another AFA
  • Weaver leaves MJW
    “Well that was all a bit pointless...”
    12 hours ago by Steven Popodopolus
  • Client interests: first, best or last?
    “Andrew, thank you for commenting and for some helpful background to the code origins. I have often heard the car industry...”
    1 day ago by John Berry
  • Client interests: first, best or last?
    “John, well done for generating interest in this ethical principle. To understand the Standard it is probably helpful to...”
    1 day ago by Andrew Gunn
Subscribe Now

Cover Notes - Specific news aimed at risk advisers

Previous News

MORE NEWS»

Most Commented On
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
 
Site by Web Developer and eyelovedesign.com