Law & Regulation

Mainzeal appeal: Shipley and Yan expected to pay more

Victoria Young
Wed, 31 Mar 2021

Former prime minister Jenny Shipley.
Victoria Young
Wed, 31 Mar 2021
Today’s Mainzeal judgment is likely to mean creditors get more money because the court found its directors including Richard Yan and Jenny Shipley breached the Companies Act in another way.The liquidator for the construction company which collapsed in 2013 was broadly successful in the high court, obtaining a $36 million judgment, a third of what he claimed.The 186-page court of appeal ruling cements some of Justice Francis Cooke’s 2019 findings but overturns other bits.The case has now been sent back to the high court to calculate...

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Opinion
How can we encourage property investors to pivot into tech?
Peter Griffin | Thu, 15 Apr 2021

Existing property investors may look to put an increasing portion of their wealth into other asset classes and that’s an opportunity for cash-hungry tech companies and the venture funds that can invest in tech on their behalf. 

Opinion FREE
Failure to enforce face masks a ticking time bomb
Jacques Steenkamp | Thu, 15 Apr 2021

While the risk of another lockdown is growing, dozens of people are continuing to ignore the mandatory requirement to wear face masks on public transport.

Coronavirus
Govt flying blind on unknown number of MIQ workers
Pattrick Smellie | Wed, 14 Apr 2021

More than a year on from border closures, there is still no single source of truth about border and MIQ worker covid testing, or the total numbers of workers involved.

Partner Content
Highlights from the New Zealand company earnings season

The February earnings season has provided a snapshot of the impact covid-19 has had on different sectors over the last six months and expectations for the year ahead.

Sponsored
Now’s the time to ask hard questions on our future land use

How can we work together to strengthen our economy and support Kiwis to prosper while protecting our natural environment and our climate.