Judge refuses to halt liquidation process for Eric Watson's Cullen Group

By Pattrick Smellie | Mon, 02 Dec 2019


The High Court has rejected expatriate businessman Eric Watson's attempt to delay payment of more than $500,000 in overdue court costs in a decision that rubbishes the tactics used.In the latest twist in the one-time corporate high-flier's long-running tax avoidance case, lawyers for Watson tried to argue that if his Cullen Group was forced to pay the $505,399.05 in interest costs, it would likely tip the firm into liquidation.Cullen Group already owes the Inland Revenue Department $114.7 million in unpaid tax and interest, plus as yet undeterm...