Kerr and Barnes call ceasefire in Perpetual battle

Fri, 16 Jul 2021

The long-running corporate stoush between Pyne Gould Corp and Bath Street Capital has come to an end with Andrew Barnes agreeing to pay $13.5 million to the former owner of Perpetual Trust.The parties have been at loggerheads for years over whether the $11.9m Perpetual deal triggered further earn-out payments. Perpetual was rolled up with trustee firms Guardian Trust, Covenant Trustee Services, Foundation Corporate Trust and NZ Trustee Services to form the Complectus group.Complectus this week sold its corporate trust subsidiaries to Hong Kong&...

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