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Controversial liquidator Damien Grant wins battle for career


Damien Grant will be able to resume his work as an insolvency practitioner.
Insolvency practitioner Damien Grant has won a year-long battle to be allowed to continue his career in liquidation.
As of September 1 last year, a new regulatory regime means all insolvency practitioners must be licensed by an accredited body in order to take new clients. From September 1 this year, they require accreditation to continue with existing work.
Those who are not chartered accountants, such as Grant, must apply to the Restructuring, Insolvency and Turnaround Association of NZ (Ritanz) to be allowed to continue practising. They must first become a member of the association, and then apply for a licence. ....

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Decades' old convictions the reason for ban


Sector group says liquidator has bad character despite building up a successful business.
Insolvency industry body RITANZ’ sole reason for turning down liquidator Damien Grant’s application for membership is his 27-year-old criminal convictions.
New regulations coming into force on September 1 mean Grant must be a member of RITANZ in order to keep working as an insolvency practitioner, so the decision bans him from the industry.
Grant has had a longtime career as a liquidator, running Auckland firm Waterstone Insolvency since 2006 and taking over 700 appointments.
RITANZ has refused to state its reasons for denying him entry.
However,
 
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Damien Grant , Waterstone Insolvency , டேமியன் மானியம் , வாட்டர்ஸ்டோன் நொடித்துப்போனது ,

Nido builder liquidators ousted, creditors vote in replacement


Nido builder liquidators ousted, creditors vote in replacement
17 Dec, 2020 09:52 PM
2 minutes to read
Magsons, trading under the Nido brand, collapsed into receivership on Friday. Video / Will Trafford
Creditors owed money for working on New Zealand s largest homeware retail outlet have ousted the liquidators of the business and had a new liquidator appointed.
Greg Sherriff of Waterstone Insolvency is now the liquidator of Vijay Holdings which built the 2.7ha Nido store in Henderson and was finishing a 650-space carpark.
Sherriff said this morning: The pressure is now on to repay the faith that creditors have expressed in me.
On November 6, Daran Nair and Heiko Draht of Greenlane Chartered Accountants were appointed Vijay liquidators at the request of shareholders. ....

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