Ministry’s $14m leaky schools’ legal bill

Ministry’s $14m leaky schools’ legal bill
Victoria Young
The Ministry of Education was billed $14 million in lawyers’ fees for its mammoth leaky building suit against Carter Holt Harvey, according to information obtained under the Official Information Act.It also estimated paying $6.54 million in expert witness fees in the seven-year case which ended in a confidential deal.The ministry alleged Carter Holt’s Shadowclad product - which it had used in more than 800 school buildings – was defective. In 2018 Justice Sally Fitzgerald described the case as “extremely large, probably...

More Property

JLL to close debt advisory unit
Property

JLL to close debt advisory unit

Global commercial real estate firm Jones Lang LaSalle (JLL) is offshoring its debt advisory division, a month after it announced it would downsize its New Zealand footprint.  The Australian Financial Review (AFR) reported on Tuesday evening that JLL is closing its Australian and...

Gregor Thompson 23 Apr 2025
Damien Grant 'stacked creditor vote', US lender claims
Property

Damien Grant 'stacked creditor vote', US lender claims

Ormiston Rise funder Arena is taking court action to have the liquidator removed.

Maria Slade 23 Apr 2025
In defence of the villa
Property

Maria Slade: In defence of the villa

Removing protections from Auckland’s villas won’t solve the housing crisis.

Maria Slade 22 Apr 2025
Property, rentals and hiring attract greatest IRD scrutiny
Economy

Property, rentals and hiring attract greatest IRD scrutiny

Blitz has reaped more than $600m in undeclared tax from taxpayers.

Denise McNabb 15 Apr 2025