Jenny Shipley must pay $6 million to Mainzeal creditors, court finds

Mon, 25 Feb 2019

By Nikki Mandow Feb. 26 (BusinessDesk) - Former Prime Minister Jenny Shipley has been ordered to pay $6 million to creditors of failed construction company Mainzeal, as part of a $36 million award by the High Court against the company’s directors. Mainzeal was one of the country’s largest construction companies when it went under in February 2013, owing unsecured creditors $110 million. Just under half of the money was owed to unpaid subcontractors, including tradespeople working on Mainzeal projects. Shipley was a director of Mainzeal...

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