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Mainzeal judgement: Directors ordered to pay nearly $40m in penalties

The Supreme Court has rejected the appeal of the four directors of the collapsed construction firm Mainzeal and ordered them to pay $39.8m in.

New zealandAndrew bethellAndrew mckayDame jenny shipleyClive tilbyPeter grommRob peterBrian mayo smithRichard yanRichina pacificSupreme courtHigh courtMainzeal constructionJenny shipleyCompanies act

Mainzeal directors lose appeal, ordered to pay nearly $40m in damages

The Supreme Court has rejected the appeal of the four directors of the collapsed construction firm Mainzeal, with $39.8m in damages, plus interest, awarded against them for breaching the Companies Act.

New zealandNew zealand generalClive tilbyAndrew mckayRichard yanBrian mayo smithAndrew bethellJenny shipleyRob peterDame jenny shipleyPeter grommRichina pacificHigh courtSupreme courtClarendon towerCompanies act

Mainzeal directors lose appeal, ordered to pay nearly $40m in penalties

The Supreme Court has rejected the appeal of the four directors of the collapsed construction firm Mainzeal and ordered them to pay $39.8m in penalties for breaching the Companies Act.

New zealandNew zealand generalRichina pacificClive tilbyJenny shipleyDame jenny shipleyAndrew mckayPeter grommBrian mayo smithRichard yanRob peterAndrew bethellHigh courtSupreme courtClarendon towerCompanies act

Mainzeal directors failed first step of a crisis, Supreme Court told

A lawyer for Mainzeal's liquidators says the company was in a crisis that the directors failed to recognise.

Richard yanDame jenny shipleyAndrew bethallBrian mayo smithSupreme courtHigh courtDame jennyMarko brienRadio new zealandUblic radioUrrent affairs

Mainzeal could have gone down the gurgler at any time , during directors policy of insolvent trading - court told

Mainzeal could have gone down the gurgler at any time , during directors policy of insolvent trading - court told
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New zealandClive tilbyJack hodderDame jenny shipleyMark obrienJames bethallPeter gommRichard yanBrian mayo smithSupreme courtHigh courtConstruction contracts actCompanies act

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