Liquidators give Eric Watson more time

Liquidators give Eric Watson more time
Victoria Young
The liquidators of Eric Watson’s Cullen Investments have cut the businessman some slack due to his recent incarceration but aren’t ruling out legal action as they work to recoup money for creditors.KPMG’s Vivian Fatupaito and Luke Norman were appointed liquidators of Cullen Investments and more than 20 other companies ahead of Christmas 2019.Creditors have so far claimed more than half a billion dollars, but the validity of these claims is yet to be assessed.In their latest report, dated Jan. 21, the liquidators say Watson per...

More Law & Regulation

Megaupload execs banned from being company directors until 2028
Law & Regulation

Megaupload execs banned from being company directors until 2028

Former Megaupload executives Mathias Ortmann and Bram van der Kolk have been prohibited from managing or directing any companies for five years, the Ministry of Business, Innovation and Employment (MBIE) says.In June 2022, Ortmann and van der Kolk broke with Megaupload founder Ki...

Staff reporters 21 Jun 2024
ComCom extends decision on Foodstuffs merger ... again
Retail

ComCom extends decision on Foodstuffs merger ... again

ComCom said it will issue a 'statement of unresolved issues'.

Gregor Thompson 21 Jun 2024
To flex or not to flex
Law & Regulation

Bronwyn Heenan: To flex or not to flex

It's time to review flexible working policies to ensure they're fit for purpose.

Bronwyn Heenan 21 Jun 2024