Directors left Mainzeal creditors better off - Yan's lawyer

Victoria Young
Wed, 29 Jul 2020

Mainzeal’s creditors were actually better off as result of the company continuing to trade during a period where the High Court found the directors had breached their duties, according to counsel for the failed construction firm's principal, Richard Yan.  David Chisholm QC made brief submissions in the Court of Appeal yesterday where his client and three other former directors are appealing Justice Francis Cooke’s 2019 decision that directors’ duties were breached ahead of the construction company’s 2013 collapse. With the lawyers for Jen...
Markets
MARKET OPEN: Kiwi holds its own as greenback falters, US equities push higher
Rebecca Howard | Thu, 06 Aug 2020

The kiwi dollar continues to hold its own as the greenback is weighed down by poor US data while the domestic share market may take cheer from a lift on Wall Street after positive earnings reports. ...

Listed Companies
Billion dollar hotel developments on backburner until better times
Brent Melville | Thu, 06 Aug 2020

Plans for at least 25 major hotel developments, valued at $2 billion, are gathering dust pending decisions on when, or if, construction will commence in the wake of border closures. The two dozen o...

Listed Companies
Pacific Edge seeks US$40m backpay from US administrator
Brent Melville | Thu, 06 Aug 2020

Pacific Edge is chasing 22,000 outstanding invoices dating back to 2015 as it seeks up to US$40 million in backpay from US medical aid administrator Novitas. The retrospective claim follows last mo...

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Don’t fear the robots. How software can help your business succeed

New Zealand businesses are on the road to recovery from the economic impact of the Covid-19 crisis but they, like corporates around the world, are having to change their operational practices.