What will come from the Mainzeal demolition?

The key players. (Image: Greg Bowker/NZME)

Mon, 28 Aug 2023

As the dust settles on the latest doorstop judgment from the failed Mainzeal construction group, minds turn to what comes next. Celebrations for the liquidators, Andrew Bethell and Andrew McKay of BDO, and litigation funder LPF will be short as they work out a strategy to extract the $39.8 million, plus what they estimate to be a further $20.9m of interest accrued over the past decade. The bulk of that will sit with Richard Yan, whose flimsy assurances on behalf of the China-based parent China Pacific left him the most culpable for th...

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