Mainzeal’s Yan to resist bankruptcy

Thu, 15 Aug 2019

By Victoria Young Aug. 16 (BusinessDesk) - Former Mainzeal director Richard Yan says he’ll fight pressure from liquidators at BDO after they moved to make him bankrupt. On Monday, BDO liquidators Andrew Bethell and Brian Mayo-Smith said they had been forced to apply for bankruptcy to get Yan to pay some $18 million awarded to them by the High Court at Auckland. Yan is appealing the $36 million awarded against him and three other former Mainzeal directors by Justice Francis Cooke in February this year. The insurers for Jenny Shipley,...

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