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

'Perverse situation': Mainzeal directors' uphill battle in supreme court
What an irony: Mainzeal built the supreme court. (Image: supplied)
Victoria Young
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...

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