Radio Live have just tweeted:
BREAKING: The High Court rules in favour of the Crown over water rights/asset sales case taken by the Maori Council
— RadioLIVE Newsroom (@LIVENewsDesk) December 11, 2012
Tony Ryall and Bill English have said in their Press Release:
Finance Minister Bill English and State Owned Enterprises Minister Tony Ryall today welcomed the High Court decision in favour of the Crown following last month’s High Court action regarding the sale of shares in Mighty River Power.
“The High Court decision confirms the Government can proceed to sell up to 49 per cent of shares in four state owned energy companies, in accordance with the legislation passed by Parliament earlier this year,” Mr English says.
“The Government is firmly of the view that the partial sale of shares does not in any way affect the Crown’s ability to recognise rights and interests in water, or to provide redress for genuine Treaty claims.”
The Maori Council says it is now working on an appeal.
— Jessica Mutch TVNZ (@MutchJessica) December 11, 2012
Deep pockets. For the lawyer troughers.