Directors left Mainzeal creditors better off - Yan's lawyer

Wed, 29 Jul 2020

Mainzeal’s creditors were actually better off as result of the company continuing to trade during a period where the High Court found the directors had breached their duties, according to counsel for the failed construction firm's principal, Richard Yan. David Chisholm QC made brief submissions in the Court of Appeal yesterday where his client and three other former directors are appealing Justice Francis Cooke’s 2019 decision that directors’ duties were breached ahead of the construction company’s 2013 collapse. With the lawyers for Jen...

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