Du Val put into statutory management

Du Val founders Kenyon and Charlotte Clarke. (Image: NZME)

Wed, 21 Aug 2024

The government has placed the failed Du Val property development group into statutory management.It follows 64 Du Val companies and the group’s founders, Charlotte and Kenyon Clarke, being put into interim receivership at the request of the Financial Markets Authority (FMA) three weeks ago.The group had left significant liabilities, Commerce and Consumer affairs minister Andrew Bayly said.“The situation is complex and of such a scale that immediate intervention is required to prevent broader harm.“Statutory management is the o...

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