New Zealand's High Court ruled on Wednesday that Megaupload can take out a NZ$6 million (US4.8 million) loan to pay its legal bills and rent for founder Kim Dotcom.
The advance will be secured against $10 million in New Zealand government bonds held by Dotcom but which have been frozen since April by a court order, according to the ruling by Justice Judith Potter.
Source: PC World. Read full article. (link)