Trading Place Limited (In Liquidation)
The High Court has made declaratory orders that Trading Place Limited (In Liquidation) breached the lender responsibility principles (s 9C) and record keeping obligations (s 9CA(1) and (2)) under the Credit Contracts and Consumer Finance Act 2003 and ordered Trading Place to pay a pecuniary penalty of $380,000.
Case Details
Parties
Trading Place Limited (In Liquidation)
Category
Consumer credit
Sub-category
Act/Section/Part
Credit Contracts and Consumer Finance Act 2003 ss 9C, 9CA
Industry
Financial and insurance services
Status
Closed
Outcome
Judgment
Case number
PRJ0047708
Date opened
17 December 2024
Date closed
06 May 2026
Contact person
Contact@comcom.govt.nz