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Former New Zealand Prime Minister Jenny Shipley has been ordered by the country’s highest court to pay NZ$6.6 million (US$3.9 million)...
WELLINGTON — Former New Zealand Prime Minister Jenny Shipley has been ordered by the country’s highest court to pay NZ$6.6 million (S$5.2 million) plus interest as compensation for her role in the collapse of a construction company, a judgement released Friday (Aug 25) said. Shipley was New Zealand’s first female prime minister holding the role from 1997 to 1999. She...
Subcontractors still owed big chunks of money from construction firm Mainzeal's collapse a decade ago say they will get a pittance back and do not believe justice has been served.
The Supreme Court has rejected the appeal of the four directors of the collapsed construction firm Mainzeal and ordered them to pay $39.8m in penalties for breaching the Companies Act.
The former directors and chief executive of the construction firm are fighting to overturn the Court of Appeal's decision to send the case back to the High Court to determine new penalties for breaching company law.