MPM Judge asks: What's the argument?
True to form, when this instalment of the long-running case kicked off Monday in the Auckland High Court it was with a dispute over what the hearing is actually supposed to encompass.
But Justice Ed Wylie, who is presiding over the latest round in the dispute between Pero and Mike Pero Mortgages (MPM), reined the combatants in.
He says the five day hearing is simply to determine if the parties are deadlocked over the issue of a dividend and whether the arbitration provisions of the shareholders’ agreement should be engaged.
Pero, who is CEO of Mike Pero Real Estate (MPRE), no longer has stakes in MPM, which is owned by the Australian-based Liberty Financial Group.
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