As expected, the High Court has recommended a hold on the sale of Mighty River Power. 3 News reports:
Mighty River Power sale delayed by High Court
The Government’s asset sales plan has again hit turbulence with Cabinet delaying the removal of Mighty River Power from the State Owned Enterprises Act.
The High Court indicated this morning the Government should hold off on starting the sale process for the company so the issue [Maori claims to water rights] can be fully thrashed out in court.
The Government has heeded that advice. The process to partially privatise the company was planned to officially begin today with Cabinet’s approval followed by an order-in-council by Governor General Sir Jerry Mateparae. However, in the High Court at Wellington today, Justice Ronald Young advised the Government to hold off and get the issue sorted in court beforehand.
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