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Antitrust watchdog rolls the dice on New Zealand litigation uptick

By James Panichi ( December 5, 2024, 04:23 GMT | Insight) -- New Zealand’s antitrust watchdog is set to announce a new, muscular approach to enforcement in which it will commit itself to spending up to NZ$ 3 million ($1.76 million) in excess of its existing litigation fund, on the assumption that some companies targeted by lawsuit will prefer to avoid going to court. MLex understands that a senior official made the announcement on a call with antitrust lawyers, in response to warnings from New Zealand’s government that the regulator could lose money earmarked for litigation if it continued to leave parts of the fund unused.The antitrust watchdog of New Zealand is set to announce a new, muscular approach to enforcement in which it will commit itself to spending up to NZ$ 3 million ($1.76 million) in excess of its existing litigation fund, on the assumption that some companies targeted by lawsuit will prefer to avoid going to court....

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