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

Alliance Group on path back to profit
Primary Sector

Alliance Group on path back to profit

It now needs north of $200 million of capital to restore its balance sheet.

Potential Mainland buyers may soon tap regulators
Primary Sector

Potential Mainland buyers may soon tap regulators

Fonterra's divestment process is gaining traction.

Riley Kennedy 17 Apr 2025
TTR files fast-track application to mine Taranaki sand
Primary Sector

TTR files fast-track application to mine Taranaki sand

Seabed mining firm Trans-Tasman Resources has lodged its application to fast-track its project to harvest iron sands off the coast of Taranaki. The firm's parent company, Manuka Resources, told the Australian Securities Exchange (NZX) on Wednesday that the application was lod...

Staff reporters 16 Apr 2025