Liquidators file bankruptcy application against Mainzeal’s Yan

Mon, 12 Aug 2019

By Victoria Young Aug. 12 (BusinessDesk) - The liquidators for Mainzeal say they have been forced to use bankruptcy proceedings to get $18 million out of former director Richard Yan. While both sides are appealing the $36 million in damages awarded against several former directors of the failed construction company, Yan hasn’t yet paid or said how he will pay the $18 million he has been ordered to front up with. Justice Francis Cooke ruled earlier this year that Yan and three other directors: Jenny Shipley, Clive Tilby and Peter Gomm...

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