Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Elders NZ Ltd. (& Others) Seeks Injunction In H.C.

Elders action

Media Release
27 February 2004

Elders New Zealand Limited (and others) Seek Interim Injunction Against Hanover Financial Services Limited and Elders Finance Limited

Elders New Zealand Limited and Elders Ltd of Australia have applied to the High Court in Auckland for an interim injunction seeking to restrain Hanover Financial Services Limited and other companies associated with Hanover Group from continuing to use the name “Elders” in New Zealand. Elders New Zealand Limited and Elders Australia argue that the Hanover Group no longer has the right to use the name “Elders” because their agreement to do so has ended.

Stuart Chapman, Managing Director of Elders New Zealand Limited said:
“We are seeking to restrain Hanover Group from continuing to use the name Elders in relation to their finance business, or any other business. Elders Australia is the owner of the name ‘Elders’ and 12 years ago granted Elders New Zealand Limited and the other New Zealand plaintiffs sole rights to use the Elders name in New Zealand."

The plaintiffs are represented by Robert Fardell QC, and the interim injunction is expected to be heard within a month.

The Elders New Zealand Group currently offers a wide range of services including:
- livestock broking
- rural merchandising
- rural and urban property interests
- finance and credit card facilities
- primary healthcare
- resthomes

Elders New Zealand Limited Group is a privately owned group under the directorship of Eric Spencer, Stuart Chapman and Ian Wills – all of whom have a long history in the rural, commercial and financial sectors.

More than four years ago, Elders Finance (the previous financial entity owned by the Elders Group) was sold to the antecedents of the Hanover Group, with a limited period agreement for the use of the Elders name, which has expired.

Ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

ALSO:

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news