Yan seeks Mainzeal appeal

In March the court of appeal ruled Richard Yan and three other directors were liable for breaching the Companies Act.

Tue, 04 May 2021

Richard Yan has confirmed he will ask the supreme court for an appeal in the Mainzeal case.In March, the court of appeal ruled Yan and three other directors including former prime minister Jenny Shipley were liable for breaching the Companies Act, a finding the high court at Wellington had made, but on different grounds. The appeal court’s approach to compensation suggests the directors should have to pay more, although it left the job of actually calculating damages to the high court.In an email, Yan’s lawyer said his client...

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