Kōrero: Law and the economy

Finance companies and clients

Finance companies and clients

Some investors, including this retired couple, Connie and Caplan Hall, lost large sums of money when a number of finance companies collapsed between 2006 and 2008. In many instances the contracts between the investor and the company proved not to offer protection against such collapse – the relatively high interest rates offered by the companies was accompanied by a greater degree of risk than would have been the case with low-interest investments. However, in some instances investors did go to court on grounds of breach of contract.

Te whakamahi i tēnei tūemi

New Zealand Herald
Reference: 280808NZHBPMONEY1
Photograph by Brett Phibbs

Permission of the New Zealand Herald must be obtained before any re-use of this image.

Ngā whakaahua me ngā rauemi katoa o tēnei kōrero

Te tuhi tohutoro mō tēnei whārangi:

Lewis Evans, 'Law and the economy - Contract law', Te Ara - the Encyclopedia of New Zealand, http://www.TeAra.govt.nz/mi/photograph/25619/finance-companies-and-clients (accessed 20 April 2024)

He kōrero nā Lewis Evans, i tāngia i te 11 Mar 2010