Law & Regulation

Another strand in a tangled web: Eric Watson’s latest lawsuit

Paul McBeth
Fri, 16 Jul 2021

Another strand in a tangled web: Eric Watson’s latest lawsuit
Cullen's liquidators are still looking into the Bendon deal (Image: Getty)
Paul McBeth
Fri, 16 Jul 2021
The liquidators of Eric Watson’s Cullen Group are joining the party in trying to extract money from the expatriate businessman.KPMG’s Vivian Fatupaito and Luke Norman tried negotiating with Watson to try to claw back the $57 million he owed to the group’s main holding company, Cullen Investments, to no avail and will try to force the issue through the courts.“Proceedings against Mr Watson have been drafted and are ready to be filed, after finalising a logistical matter regarding service of the relevant documents,”...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Finance
ASB CEO Vittoria Shortt sees no sign of mortgage stress
Jenny Ruth | Thu, 11 Aug 2022

ASB has paid its parent, Commonwealth Bank of Australia, $975 million in dividends in the year ended June and plans to pay another $400m in September.

Opinion
PM’s tech rallying cry rings hollow
Peter Griffin | Thu, 11 Aug 2022

New Zealand may have a rosy vision for 2040, but global competition for talent and capital is fierce. 

Charities FREE
Do check that charity, but don't be afraid to give
Greg Hurrell | Thu, 11 Aug 2022

Giving is good and thoughtful giving is even better. And it's good for your own mental health, say those in the charity sector.

Sponsored
Communication the barrier to ‘human firewall’ technology

Communication is the barrier to New Zealand adopting the global Zero Trust cybersecurity strategy, says a new survey.

Sponsored
A clearer path to the cloud

Step-by-step cloud transition can bring benefits, experts say.