Liquidators pursue livestock shipping claim

The vessel Al Kuwait is now at the centre of the liquidation. (Image: Marine Traffic)

Mon, 09 Oct 2023

Liquidators of a live export outfit have been able to find some funding to be able to take a claim against a shipping company that didn’t turn up for its voyage more than two years ago.It comes after PwC’s Malcolm Hollis and Wendy Somerville told creditors six months ago they couldn’t get any funding for it.The non-completion of the voyage by MV Al Kuwait ultimately led to Genetic Development (NZ) Exports Limited Partnership’s insolvency. It was put into liquidation by the high court at Hamilton.Founded in 2020, the majo...

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