Opinion

Carving up the Mainzeal carcass

Victoria Young
Wed, 07 Apr 2021

Carving up the Mainzeal carcass
Former Prime Minister Jenny Shipley's business affairs in China are unclear.
Victoria Young
Wed, 07 Apr 2021
In July last year, three judges and a raft of lawyers sat in the court of appeal discussing “rough justice”.Working out compensation for creditors due to the reckless trading of former Mainzeal directors Richard Yan, Jenny Shipley, Clive Tilby and Peter Gomm was always going to be a tricky task.Trial judge Justice Francis Cooke showed this in 2019 when he ignored both approaches put forward by the lawyers and went his own way.He took the liquidators’ claim of $108 million and slashed it by two thirds to come up with $36m,...

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