Du Val founders seek legal aid

Du Val founders seek legal aid
The FMA raided the Clarkes' Victoria Ave home on Aug 2. (Image: NZME)
Maria Slade
Garth Bray
Charlotte and Kenyon Clarke, the founders of failed property developer Du Val, have applied for legal aid to cover the cost of lawyers representing them in the Financial Markets Authority case against the group.In August, the Government, on the FMA's recommendation, put 70 Du Val entities into statutory management, while the Clarkes personally and their family trust are in receivership.The FMA gained orders seizing the group’s assets and conducted an early morning raid on the Clarkes’ rented home in Victoria Ave, Remuera.The cou...

More Property

Townhouse sold for $275k profit in three weeks
Property

Townhouse sold for $275k profit in three weeks

The sale is one of a number involving a Barfoots agent and a property flipper.

Maria Slade 16 May 2025
Summerset launches $100m bond offer
Property

Summerset launches $100m bond offer

Summerset Group has launched a six-year bond offer to fund the repayment of previously issued debt. The retirement village and aged care company told the market on Monday that it is raising up to $100 million, with the potential to accept an additional $50m in oversubscriptions. ...

Staff reporters 12 May 2025