Canam Construction shouldn’t have paid $6.7m dividend – Auckland Trotting Club

Canam Construction shouldn’t have paid $6.7m dividend – Auckland Trotting Club
Alexandra Park's apartments have been the subject of litigation. (Image: Crockers)
Victoria Young
The Auckland Trotting Club is claiming failed firm Canam Construction intermingled its money in a web of corporate entities as it continues to pursue construction boss Lucas Petrou and related firms for money.Canam Construction built a large apartment complex at Auckland’s Alexandra Park several years ago but the contract – with Auckland Trotting Club (ATC) – was terminated after three years.According to a new decision of associate judge Dani Gardiner, the racing club cancelled the contract in 2018 alleging it failed to provid...

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