Mainzeal directors pay $23.8m, liquidators say

Liquidators have also commenced bankruptcy proceedings against Richard Yan.

Fri, 22 Mar 2024

A liquidators' report says that directors of failed construction giant Mainzeal have paid the company $23.8 million in court-ordered litigation funds.A six-monthly liquidators' report uploaded to the Companies Office on Friday shows $23.8m in litigation funds have been received. Litigation costs had also been settled in the reporting period.CollapseMainzeal was placed in liquidation in 2013, owing creditors, mostly small businesses, more than $110m.In an effort to recover funds, liquidators BDO took directors Dame Jenny Shipley (a...

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