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Takeovers Act 1993

Investigation and enforcement - General

44R: Court may order payment of Panel's costs

You could also call this:

"Court can make you pay the Panel's court costs"

Illustration for Takeovers Act 1993

If you are taken to court by the Panel under this Part of the law and the court makes an order against you, the court can also order you to pay the Panel's costs. The Panel's costs include what they spent to bring the case to court. The court makes this decision.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM326738.

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44S: Orders to secure compliance, or

"Going to court to make someone follow the rules"

Part 3Investigation and enforcement
General

44RCourt may order payment of Panel's costs

  1. If the Panel brings proceedings under this Part and the court makes any order against a person under this Part, the court may also order that person to pay the Panel's costs and expenses in bringing the proceedings.

Notes
  • Section 44R: inserted, on , by section 24 of the Takeovers Amendment Act 2006 (2006 No 48).