Antitrust Antitrust

NGB Properties fined $308,000 for anticompetitive land contract in New Zealand

By Saloni Sinha
  • 31 Jul 2023 07:40
  • 31 Jul 2023 07:54
NGB Properties Limited has been fined NZ$500,000 ($308,000) in New Zealand in a case involving an anticompetitive land covenant, or contract.
The decision by the Wellington High Court is the result of a 2021 lawsuit filed by the New Zealand Commerce Commission against NGB Properties for placing an anticompetitive covenant

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