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Liquidators of collapsed Auckland-based construction company Mainzeal are pursuing Shanghai businessman Richard Yan for over US$60 million that he owes to the company’s creditors, in a case that has implications for Chinese developers operating in New Zealand.
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OPINION: Litigation funder Phil Newland's view on the Mainzeal case.
Jenny Shipley, New Zealand’s prime minister between 1997 and 1999, has been ordered to pay US$3.9m after the collapse of the Mainzeal construction company, for which she was a director.
New Zealand’s top court has ruled former Mainzeal directors, including Dame Jenny Shipley, are liable to pay $39.8 million in compensation to the...