Court gives BNZ greenlight to shut Gloriavale’s bank accounts in move that could end the community

December 10, 2024: | NZ Herald | Jenée Tibshraeny| The Court of Appeal has delivered a blistering judgment that could see Gloriavale wind up its operations. It’s decided to dispose of an injunction that prevented BNZ from closing the exclusive religious community’s accounts. BNZ can now close the accounts related to Gloriavale’s various…

Court of Appeal clears way for BNZ to close Gloriavale’s bank accounts

December 10, 2024: | RNZ | Business | The Court of Appeal has cleared the way for BNZ to close Gloriavale’s bank accounts after successfully appealing an injunction preventing the closures. BNZ wants to terminate its 40-year banking relationship with the reclusive Christian sect, arguing the community breached the bank’s human rights policy after an…

Gloriavale loses fight to keep banking with BNZ

December 9, 2024: | 1News | Ryan Boswell | Gloriavale has lost its fight to keep banking with the Bank of New Zealand (BNZ) after two years of legal disputes. In July 2022, BNZ gave notice of its intention to terminate its banking relationship with various companies and entities associated with the Christian…

BNZ To Close All Gloriavale Bank Accounts: Lawyer Calls On Government To Act Now

December 9, 2024: | Scoop | Press Release: Ali Jones | The lawyer heading the legal team representing Gloriavale leavers says the Government needs to act now to protect the victims of the leaders. With an appeal court decision on Monday supporting the Bank of New Zealand’s decision in May to close all…

Court gives BNZ greenlight to shut Gloriavale’s bank accounts

December 9, 2024: | Business Desk | Subscription Only | The Court of Appeal has delivered a blistering judgment that could see Gloriavale wind up its operations. The court has upheld an appeal from the Bank of New Zealand (BNZ), deciding to dispose of an injunction that had required the bank to keep…

Gloriavale’s existence at risk if bank accounts close, court told

December 9, 2024: | The Press | Joanne Naish | BNZ is allowed to use its human rights policy to stop providing banking for Gloriavale – a move the isolated settlement’s leaders say will put their community’s existence at risk. The bank’s decision to close Gloriavale’s accounts followed an Employment Court ruling in May…