Receivers halt pursuit of Kerr docs for now

Receivers halt pursuit of Kerr docs for now
Calibre Partners' Neale Jackson. (Image: supplied)
Paul McBeth
After six months or so of legal wrangling, receivers have given up trying to extract more documents from London-based businessman George Kerr, although they suspect he’s still holding out. Calibre Partners’ Neale Jackson and Natalie Burrett were appointed receivers of Kerr’s Pyne Holdings in April by the Bank of New Zealand (BNZ), which is trying to recover about $62 million from various Kerr-related entities. In their latest report on the Pyne Holdings (PHL) receivership, they noted the “significant difficulti...

More Markets

NZ sharemarket drifts flat as Fed decision looms
Markets Market Close

NZ sharemarket drifts flat as Fed decision looms

The S&P/NZX 50 Index closed down 0.05% or 6.5 points.

If Māui closes, Methanex's future is murky says Fuge
Markets

If Māui closes, Methanex's future is murky says Fuge

A constant state of unease is needed in the energy sector says Contact boss.

Phasing out $6b capital layer unlikely to dent banks’ ratings
Finance

Phasing out $6b capital layer unlikely to dent banks’ ratings

Banks’ credit ratings likely unmoved if Additional Tier 1 capital phased out.