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Cayman Islands fund backs pause in US$100m NZ liquidation

Hong Kong-based director wants a month to 'allow a resolution of matters' in cross-border money-go-round.

The Mars Cap office in Auckland is closed.

Tim Hunter Wed, 04 Oct 2023

A Cayman Islands hedge fund has told the High Court it supports a pause in liquidation proceedings against a New Zealand company owing US$112 million because it might allow a recovery deal to be reached.

The hearing, which continued proceedings begun last Friday, followed the appointment of interim

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Tim Hunter Wed, 04 Oct 2023
Contact the Writer: thunter@nbr.co.nz
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Cayman Islands fund backs pause in US$100m NZ liquidation
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