The battle between two mega-rich Kiwis is playing out again in a London court.
Eric Watson has been ordered to pay Sir Owen Glenn $80 million, but he says he has no cash and can’t pay.
It comes after a British judge found in July that Mr Watson had obtained $250 million of Sir Owen Glenn’s money by fraudulent misrepresentation.
That money was given back to Sir Owen, but the court then ordered Mr Watson to pay Sir Owen around 42 million pounds ($80 million NZD). to cover a loss Mr Owen faced as a result of his money being tied up for so long. (read/wach more)
