'Perverse situation': Mainzeal directors' uphill battle in supreme court

What an irony: Mainzeal built the supreme court. (Image: supplied)

Tue, 15 Mar 2022

Last week’s Mainzeal supreme court hearing was a double whammy of appeals with both sides wanting the court of appeal’s ruling changed.The defendants, all directors of Mainzeal, included Jenny Shipley, Richard Yan, Peter Gomm and Clive Tilby. Their goal was to be relieved of liability for the collapse of the company.However, the liquidators wanted more money and an immediate ruling of up to $51.8 million be awarded against the directors.During the week-long proceeding, many arguments made in the high court and court of appeal were r...

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