Villa Maria founder George Fistonich suffers court setback

Villa Maria founder George Fistonich is warring in the courts with the receivers appointed to his company FFWL. (Image: NZME)

Oliver Lewis

Tue, 21 Jun 2022

The receivers appointed to a company owned by Villa Maria founder George Fistonich will be able to retain funds to defend against claims by Fistonich.In a judgment issued on June 16 but provided to the media on Tuesday, Justice van Bohemen dismissed an application from Fistonich and his company, FFWL, seeking to prevent receivers Brendon Gibson and Neale Jackson from retaining any funds.Gibson and Jackson were appointed to administer the receivership of FFWL, which acted as the holding company for Villa Maria Estate, in May 2021.A roughly $40 m...

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