Significant implications for directors, particularly if creditors are well-funded or ‘determined’, lawyer says.
A High Court judgment last month ruled PBL was entitled to 35% of profits from a drug under development.
Former directors each owe at least $10 million, latest report from BDO says.
The High Court has delivered its decision in the fraud trial of CBL's former managing director and CFO.
Allegations laid by Dave Henderson and new Property Ventures liquidator can go to trial, High Court rules.
Relatives also formally record they were not involved in any alleged fraudulent conduct.
But the judge said Hwadro International’s case would need ‘significant repleading’.
The FMA issued a permanent stop order against against Wisdom House and Yuen Pok Loo last year.
Four account holders in the failed crypto exchange are pushing for action.
Prison department alleges misrepresentation, as well as Fair Trading Act and contractual warranty breaches for software services.