Significant implications for directors, particularly if creditors are well-funded or ‘determined’, lawyer says.
Details ‘of extreme commercial sensitivity’ involved in dispute over tech company transaction.
NBR last March revealed details of the long-running dispute between chemicals group and a man called Rod Simmonds.
CDL managing director hopes this means the end of protracted litigation.
But Lance Morrison and Richard Blackwood fail in $1.485m FMA claim for loss, pain, suffering, and distress of lengthy court action.
2017 Supreme Court judgment in favour of Māori landowners has led to liability and loss hearing in High Court.
The Commerce Commission last year appealed a $2.25m fine given for Fair Trading Act offences.
Listed IT investor says it is ‘disappointed and remorseful’ following FMA warning.
James Smalley’s multi-million-dollar dispute with stockbroker emerged last year.
NBR Lister described the Ōmarino sections, marketed to overseas buyers, as ‘extremely unique’.