Halifax liquidator urges investors to come forward

Halifax liquidator urges investors to come forward
Victoria Young
Liquidators of collapsed online derivative trader Halifax NZ are calling on investors who put money into the business to have their say.With around A$200 million available to distribute, KPMG liquidator Morgan Kelly’s early estimate is that 2,100 New Zealand investors will get back 85-to-95 cents in the dollar from trust funds and can then join unsecured creditors in claims for the remaining money.“The portfolio changes all the time and it has gone back up in value and the investor claims against that portfolio have moved too so it could be hig...

More Law & Regulation

Pros and cons of a corporate tax cut
Economy

Pros and cons of a corporate tax cut

Business groups are keen for a cut; others doubt its impact and feasibility.

SPQR liquidators looking to sell trademark
Retail

SPQR liquidators looking to sell trademark

The well-known Ponsonby restaurant failed last July.

Oliver Lewis 04 Feb 2025
Cheap tech may have steep security costs
Law & Regulation

Cheap tech may have steep security costs

A cybersecurity expert urges caution over cheap tech products and digital platforms.

Ben Moore 04 Feb 2025
‘Sharp bettors’ rebuke plans to monopolise the TAB
Law & Regulation

‘Sharp bettors’ rebuke plans to monopolise the TAB

They argue, that if granted a monopoly, TAB NZ will have unimpeded pricing power.

Gregor Thompson 03 Feb 2025