Du Val liquidation hearing to proceed despite FMA raid

Du Val liquidation hearing to proceed despite FMA raid
Du Val kicked its construction firm off the Mountain Vista Estate job. (Image: NZME)
Maria Slade
A liquidation hearing involving Du Val’s former construction subsidiary is set to proceed on Monday despite regulators swooping on more than 60 of the property group’s companies.On Friday, the High Court placed 64 Du Val entities and the group’s two founders, Kenyon and Charlotte Clarke, in interim receivership at the Financial Markets Authority's (FMA) request.The regulator and police entered the Clarkes’ Remuera home early on Friday morning carrying filing boxes and canisters.Meanwhile, the High Court at Hamilton i...

More Property

Developer Profico Group in liquidation
Property

Developer Profico Group in liquidation

Profico Group developed in both Christchurch and Auckland.

Du Val accountant censured and fined
Property

Du Val accountant censured and fined

Nicola Adam acted on instruction from Kenyon Clarke and minority shareholders.

Maria Slade 17 Sep 2025
Most Du Val investors unlikely to get anything
Property

Most Du Val investors unlikely to get anything

The statutory manager has released its latest report into the failed property group.

Maria Slade 16 Sep 2025
Oceania forecasts sales lift as it targets debt
Property

Oceania forecasts sales lift as it targets debt

It said sales applications had lifted 23% between July and August.

Gregor Thompson 16 Sep 2025