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Contract Details

Judicial review to be filed against April Crafar Farm sale decision

Judicial review to be filed against April Crafar Farm sale decision

CRAFAR.JUDREV
Contract Info 
  • Symbol: CRAFAR.JUDREV
  • Last Trade Price: $1.0000
  • Last Trade Time:
    27 Apr 12 12:00am
  • Today’s Volume: 370
  • Average Daily Volume: 0.0
  • Today’s Change:
    NC (0.00%) 
  • Start Date: 20 Apr 12
  • Close Date: 7 May 12
  • Status: Closed

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Long Description

This contract pays $1 if, before 5 May 2012, judicial review proceedings are filed with the High Court of New Zealand against the government decision to approve the sale of the Crafar Farms to Shanghai Pengxin; otherwise it pays $0.

Judging Criteria 

The purpose of this contract is to forecast the probability that judicial review proceedings will be filed against the decision announced at http://www.linz.govt.nz/about-linz/news-publications-and-consultations/news-and-notices/overseas-investment-office-statement-20120420.

It is NOT concerned with any other court proceedings, including any against the decision announced at http://www.linz.govt.nz/about-linz/news-publications-and-consultations/news-and-notices/overseas-investment-office-statement-20120127.

It does not matter who the plaintiff is. It need not be Sir Michael Fay or any person or organisation associated with him.

The contract pays based on when any proceedings are filed with the court, not if and when they are announced. If there is any doubt about whether or not proceedings have been filed before 5 May 2012, the contract will remain open while inquiries are made of potential plaintiffs and defendants.

iPredict's judgment is final.

All dates and times are New Zealand time.

This contract will be closed no later than 3 working days after the Close Date. The Close Date may be extended if the event outcome cannot be determined by that date.