The NZX-listed company says a $150k payment by Clare Capital with no apology or admission of wrongdoing is ‘vindication’.
‘Expert fees’ come in at a third of that, and ahead of the maximum fine the former CEO will face.
Liquidated townhouse development entity also made $6.7m in ‘related party’ loans before being wrapped up in late 2021.
Receiver and statutory manager PwC confirms it's now received ‘certain items’ and information from the Du Val founders.
Subsidiary Iplex Australia has sued builder BGC over leaky pipes scandal.
NBR spoke to 10 litigation partners across seven law firms, to preview the trends and cases to watch in 2025.
Offending described as ‘unparalleled in the history of the Australian colonies’ exposed weaknesses in New Zealand’s early criminal law.
Plus: Westpac admits to misleading misrepresentations that resulted in $6.5m in overcharging.
Market regulator alleges InvestNow had ‘systemic’ AML failures.
It is the first distribution since the crypto exchange failed in 2019.