In November 2011 the High Court dismissed an appeal by Godfrey Hirst against a Commerce Commission authorisation for Cavalier Wool Holdings to acquire the wool scouring assets of Wool Services International. Given the paucity of M&A authorisations, the High Court's judgment provides an up-to-date guide for authorisation applications, particularly regarding the net public benefit test for acquisitions.

To read more on this decision see our earlier article here.