NEWS AND UPDATES

peer to peer lending

Peer-to-Peer Lending and the CCCFA –Clarification on the Horizon or Not?

The regulation of peer-to-peer lending, and the application of the CCCFA to the industry, has been uncertain for some time. In a recent judgment from the High Court, the Commerce Commission has sought to have these matters clarified by the Court. While Harmoney was successful in challenging two of the questions put forward by the Commission, the Court has allowed the case to continue for the Court to opine on three remaining questions. The hearing, and any decision, is likely to be some time away. Whether clarification is achieved for Harmoney, or the industry as a whole, remains to be seen.

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Kerry NBR

NBR speaks to Kerri Dewe, Principal about M&A

“Investors will consider a number of key aspects, such as potential health and safety risks [and the seriousness of them], tidy tax and financial records, long-term client relationships backed by strong contacts and whether there are any corruption issues” – Kerri Dewe

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