Liquidators unsuccessful in taking claim against livestock shipping company

Liquidators unsuccessful in taking claim against livestock shipping company
The vessel Al Kuwait is at the centre of the liquidation. (Image: Marine Traffic)
Riley Kennedy
Liquidators of a collapsed live export partnership have failed to take a claim against a shipping company that didn’t turn up for its voyage.PwC’s Malcolm Hollis and Wendy Somerville had managed to secure litigation funding, but they ran out of time.The non-completion of the voyage by MV Al Kuwait three years ago ultimately led to Genetic Development (NZ) Exports Limited Partnership’s insolvency. It was put into liquidation by the high court at Hamilton in October 2022 on the application of former Fonterra direc...

More Primary Sector

Job cuts on the table at embattled BX Foods
Primary Sector

Job cuts on the table at embattled BX Foods

The meat processor operates a plant in Oamaru.

Riley Kennedy 25 Jul 2024
NZ raises its concerns with EU over deforestation regulation
Primary Sector

NZ raises its concerns with EU over deforestation regulation

The regulation is tipped to pose “quite significant burdens”.

Riley Kennedy 25 Jul 2024
Foresta parts ways with managing director Ray Mountfort
Primary Sector

Foresta parts ways with managing director Ray Mountfort

The company assured shareholders plans for a biomass plant in Kawerau are on track.

Greg Hurrell 25 Jul 2024