Mainzeal liquidator asks for more

Mainzeal liquidator asks for more
Jenny Shipley's lawyer is arguing the former prime minister is not liable for breaching directors' duties.
Victoria Young
Mainzeal's liquidator Andrew Bethell is taking the opportunity to cross-appeal the case in the supreme court.The court of appeal in March ruled broadly in the liquidator’s favour when it said Richard Yan and three other directors including former prime minister Jenny Shipley were liable for breaching the Companies Act.However, the appeal court made the liability findings on different grounds than the high court did.Since then, directors Shipley, Yan, Clive Tilby and Peter Gomm applied to the supreme court for an appeal.Liquidator...

More Law & Regulation

Westpac cops $3.64m penalty for lender responsibility breaches
Finance

Westpac cops $3.64m penalty for lender responsibility breaches

Credit Contracts and Consumer Finance Act in focus again.

Air NZ’s Ravishankar grows up in public
Opinion

Pattrick Smellie: Air NZ’s Ravishankar grows up in public

The national airline’s new CEO faces plenty of challenges, some self-inflicted.

2025’s notable employment law cases
Opinion

Rachael Judge: 2025’s notable employment law cases

As we look forward to 2026, we will see more bizarre workplace behaviour cases.

Scam protection at heart of Code of Banking Practice update
Finance

Scam protection at heart of Code of Banking Practice update

Compensation is on the cards if banks fail all five scam-protection commitments.