Aftershock for Eric Watson companies

Aftershock for Eric Watson companies
Victoria Young
Nine other Eric Watson-linked companies have been moved into liquidation following the collapse of Cullen Group. Cullen Group was moved into liquidation by court order last week after a High Court judge refused to halt insolvency proceedings against it. KPMG’s Vivian Fatupaito was appointed liquidator by associate judge Hannah Sargisson on Dec. 17. Since then nine other entities linked to Watson have also gone under. Companies Office records show Cullen Investments was moved into liquidation by its parent. Bush Inn Propertie...

More Finance

Wow. It’s all basketball!
Finance

Wow. It’s all basketball!

US investment in basketball is lapping at our shores in more ways than one.

Pattrick Smellie 25 Mar 2025
FMA files criminal charges against David McEwen
Finance

FMA files criminal charges against David McEwen

New Zealand’s financial watchdog has filed criminal charges against former financial adviser David McEwen for allegedly failing to comply with a stop order, which prevented him from contacting potential investors.The Financial Markets Authority (FMA) had made a permanent stop ord...

Staff reporters 18 Mar 2025
FNZ employee shareholders revolt over latest capital raise
Finance Exclusive

FNZ employee shareholders revolt over latest capital raise

Long-standing employees believe new raise halves their holdings.

Victoria Young 14 Mar 2025
Washington plans to open private funds to more investors
Finance

Washington plans to open private funds to more investors

 Momentum builds to change rules blocking most Americans from investing in private equity.