New Zealand watchdog vows to use up its litigation fund, as government ramps up pressure
By James Panichi ( February 12, 2025, 06:51 GMT | Insight) -- The antitrust watchdog of New Zealand has reaffirmed plans to overcommit on enforcement spending, in a bid to ensure that its annual $7.14 million litigation fund is spent in its entirety. Responding to questions from MLex, the New Zealand Commerce Commission said it was pushing ahead with plans to “progress with litigation that overcommits the fund, on the expectation that some cases will settle or take longer than expected to complete.” The commitment comes as the government undertakes a root-and-branch review of New Zealand’s competition regime and the role of the regulator.New Zealand’s antitrust watchdog has reaffirmed plans to overcommit on enforcement spending in a bid to ensure that its annual NZ$12.623 million ($7.14 million) litigation fund is spent in its entirety....
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