Mainzeal lawyers argue over $36 million penalty

Mainzeal lawyers argue over $36 million penalty
Paul McBeth
By Paul McBeth May 8 (BusinessDesk) - Lawyers in the Mainzeal case were back in court today arguing whether the $36 million penalty handed down to directors of the failed construction company, including former Prime Minister Jenny Shipley, should attract up to six years' interest. They were also trying to clarify the details for setting the fine.  Justice Francis Cooke left the door open for further arguments in his February ruling to allow for any "arithmetical mistakes, omissions or other errors" in setting the size of the penalty he ma...

More Infrastructure

AT laying groundwork for congestion charging
Infrastructure

AT laying groundwork for congestion charging

AT wants to move quickly on time-of-use charging once legislation is in place.

Oliver Lewis 23 Apr 2024
AI is a humungous electricity hog. That’s great
Infrastructure

AI is a humungous electricity hog. That’s great

Who better to drive clean-energy investment than some of the world’s biggest firms?

Bloomberg 20 Apr 2024
Fast-track ‘stakeholders’ list released
Economy

Fast-track ‘stakeholders’ list released

Major corporates including Carter Group and Fonterra are on the list.

Victoria Young 19 Apr 2024
Sniffing the breeze on the next four months
Economy

Pattrick Smellie: Sniffing the breeze on the next four months

A soon-to-be international absconder ponders what he'll find on return to NZ.

Pattrick Smellie 19 Apr 2024