VICTORIA YOUNG: Understanding Mainzeal’s 'rough justice'

Tue, 04 Aug 2020

Jenny Shipley, Richard Yan and two other former Mainzeal directors have been arguing the High Court was wrong in finding them liable for breaches of directors’ duties, to the tune of $36 million. That's it in a nutshell, but the case — stemming from the company’s $110 million 2013 collapse — is of course far more complex than that. While the directors say the court was wrong to find they had breached section 135 of the Companies Act, they also say Justice Francis Cooke was right because he didn't find a breach of section 136. These two...

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