The ghost of Allan Hubbard looms over the Du Val statutory management

Those contemplating the untangling of Du Val could learn from the lessons of the past. (Image: NZME)

Tue, 10 Sep 2024

Corporate undertaker supremo, John Fisk of PwC, has his work cut out for him in untangling the morass of property developer Du Val’s inner workings. Installed as an interim receiver ahead of a dramatic dawn raid in the leafy suburb of Remuera, Fisk has produced a first report and it – alongside fellow receivers Stephen White and Lara Bennett – outlines irregularities, complexities and insolvency risks they reckon warrant the ultimate insolvency tool: statutory management with the goal of preserving the value in six devel...

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