Du Val liquidation hearing to proceed despite FMA raid

Du Val kicked its construction firm off the Mountain Vista Estate job. (Image: NZME)

Tue, 06 Aug 2024

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...

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