Battle over Du Val begins, with other secured lenders likely to act

Battle over Du Val begins, with other secured lenders likely to act
Du Val founders Kenyon and Charlotte Clarke are in interim receivership. (Image: Supplied)
Maria Slade
Insolvency experts say there will likely be a flurry of action from lenders against failed property developer Du Val following the Financial Markets Authority’s move on the group last week.On Friday, the High Court placed 64 Du Val entities and its founders, Charlotte and Kenyon Clarke, in interim receivership at the market regulator's request.Commercial lawyer David Friar said that a secured creditor usually appoints receivers under their security agreement with the company in question.However, the regulator also had powers unde...

More Property

Community housing lender readies first social bonds
Finance

Community housing lender readies first social bonds

The Community Housing Funding Agency received an A+ credit rating this week.

Oliver Lewis 05 Sep 2025
Ōrewa housing developer pushes back on draft rejection
Infrastructure

Ōrewa housing developer pushes back on draft rejection

The Delmore project is the latest fast-track project to suffer a setback. 

Oliver Lewis 05 Sep 2025
Not just Auckland: Ikea eyes online sales at 25-35%
Retail

Not just Auckland: Ikea eyes online sales at 25-35%

The Swedish furniture giant stresses that sales will be made online too.

Victoria Young 04 Sep 2025