New Zealand court says bank entitled to terminate banking relationship because of Russia sanctions risk

23 February 2023

The High Court of New Zealand rejected Targa Capital Ltd’s application for an injunction stopping Westpac New Zealand from terminating its banking services to Targa and closing Targa’s bank accounts. Judgment of 17 February...

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By Maya Lester KC

Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions.

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New Zealand court says bank entitled to terminate banking relationship because of Russia sanctions risk

Country regimes

Thematic regimes

Expired regimes

Sanctions regime

Sanctioning state

New Zealand court says bank entitled to terminate banking relationship because of Russia sanctions risk

Regimes / Regions

Sanctioning States