Comcom loses bid to derail Harmoney appeal
The judgment, handed down earlier this month, is the latest in the regulator’s pursuit of the firm.
In a decision clarifying the regulator’s powers, a Court of Appeal panel of Justices Christine French, Forrie Miller and Joe Williams decided that it could hear an appeal even though the case was brought on a slightly unusual basis.
In the Commerce Commission’s proceeding against Harmoney, the regulator used its powers under the Commerce Act to bring the proceeding under a case stated procedure to test the law in the new area of peer-to-peer lending, while also launching separate enforcement proceedings alleging that Harmoney charges too much.
The enforcement proceedings depend on the case stated procedure.
Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site.
You will also be able to comment on articles on Good Returns.
![[The Wrap] What the heck is happening at the FMA?](https://goodreturns.publit.io/file/c_fill,w_300,h_200/a6c3bc06-6401-44de-96e2-286c090e132d.jpg)
