Sharechat Logo

GPG appeals Perry judgement

Nick Smith

Friday 14th November 2003

Text too small?
Guinness Peat Group is going to the Privy Council with an appeal in the Perry Corporation equity swaps case.

The move is ironic given that appointments were announced this week to the new Supreme Court, which will replace the Privy Council as the final appeal body for New Zealanders from January 1.

GPG is seeking to overturn a unanimous ruling from a five-member Court of Appeal bench.

But three of the appeal judges who ruled against it ­ Justices Thomas Gault, Sir Kenneth Keith, and Peter Blanchard ­ will sit on the Supreme Court, so only two of the new court's judges would be eligible to hear GPG's case.

GPG's decision yesterday met a mystified response as its shareholders, who will fund the latest action, do not appear to have anything to gain from it.

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

VHP - Half year results announcement date and webcast details
Devon Funds Morning Note - 30 January 2026
AIA - Auckland Airport new board appointment
General Capital (GEN:NZ) Subsidiary General Finance Update
January 30th Morning Report
January 29th Morning Report
VSL - Date for 1H FY26 results announcement
January 28th Morning Report
IKE - Webinar Notification IKE Q3 FY26 Performance Update
VHP - Preliminary unaudited portfolio valuations 31 December 2025