Former Mainzeal directors, including Dame Jenny Shipley, will appeal a High Court decision relating to their role in the collapse of the construction company. In February, Dame Jenny, as well as Clive Tilby, Peter Gomm and Richard Yan were ordered to pay $36 million for breaching their directors' duties and trading recklessly with the Mainzeal construction company. Former NZ Prime Minister Dame Jenny Shipley ordered to pay up to $6m over Mainzeal collapse But on Tuesday, they announced they will be appealing the decision. "The directors do not agree with the High Court judgment and believe they have strong grounds to challenge the decision," a statement said. Mainzeal went into liquidation in early 2013, owing unsecured creditors like tradies, sub-contractors and employees about $110 million. After the High Court decision, Dame Jenny, Tilby, and Gomm issued a statement noting they would be considering their options. "The Court's basis for finding liability appears to have novel … [Read more...] about Former Prime Minister Dame Jenny Shipley to appeal Mainzeal High Court decision
Nz prime minister
Livestream: NZ Prime Minister Jacinda Ardern addresses Christchurch terror attack on Sunday
New Zealand Prime Minister Jacinda Ardern is set to give another update on the Christchurch terror attack. The press conference is set to get underway at 4pm on Sunday. It's been two days since New Zealand's "darkest day", as Ms Ardern described it on Friday. Fifty people were killed at two Christchurch mosques on Friday, and fifty were hurt. The terror suspect - a 28-year-old Australian citizen - has been charged with murder, but police say other charges will follow. Watch the livestream above. Newshub. … [Read more...] about Livestream: NZ Prime Minister Jacinda Ardern addresses Christchurch terror attack on Sunday
Former NZ Prime Minister Dame Jenny Shipley ordered to pay up to $6m over Mainzeal collapse
Former Prime Minister Dame Jenny Shipley has been ordered to pay up to $6 million for her role in the collapse of construction company Mainzeal. Dame Jenny is one of four company directors found by the High Court to have breached their directors' duties and trade recklessly. Justice Cooke awarded $36 million in compensation to liquidators from the directors, plus another $2.1 million from another related company, Isola Vineyards Limited, which is now also in liquidation. Ebert won't be last construction company to go under - experts NZ's large-scale construction industry needs 'a reset' - Shane Jones Construction leaders issue dire warning over industry health Mainzeal went into liquidation in early 2013, owing unsecured creditors like tradies, sub-contractors and employees about $110 million. Andrew Bethell of liquidators BDO said creditors have waited a long time for this day. "We are thrilled with this judgment by the High Court, which sets an important … [Read more...] about Former NZ Prime Minister Dame Jenny Shipley ordered to pay up to $6m over Mainzeal collapse
Livestream: Prime Minister Jacinda Ardern makes first speech to Parliament in 2019
Jacinda Ardern is addressing Parliament for the first time this year. The Prime Minister will be speaking before the House of Representatives, where MPs will have the chance to discuss a range of issues to kick-off 2019. PM Jacinda Ardern confirms changes to tax system coming National plunges to worst result in over a decade - Newshub poll NZ prefers Judith Collins to Simon Bridges as Prime Minister - Newshub poll Ms Ardern last week spoke in Auckland, where she outlined challenges facing the country and confirmed there will be changes to the tax system. The latest Newshub-Reid Research poll has Ms Ardern sitting at a comfortable 47.5 percent in the preferred Prime Minister ranking. Newshub. … [Read more...] about Livestream: Prime Minister Jacinda Ardern makes first speech to Parliament in 2019
NZ prefers Judith Collins to Simon Bridges as Prime Minister
Judith Collins has overtaken Simon Bridges in the Preferred Prime Minister rankings. The National Party will be in crisis talks tonight - Simon Bridges' own MPs will be sharpening their knives as his survival as leader is at stake. National plunges to worst result in over a decade - Newshub poll While Jacinda Ardern is riding high as preferred Prime Minister - up 1.6 to 41.8 percent, Bridges has fallen - down 3.9 to 5 percent. Not only that, but more New Zealanders would like to see Judith Collins as Prime Minister than the actual leader of the National Party - she's shot up 2.5 to be above him on 6.2. But Bridges is brushing it off. "I'm very comfortable and confident in my leadership," he told Newshub - repeatedly. Judith Collins only appeared in the preferred Prime Minister rankings for the first time in our last poll - she made a surprise appearance at 3.7 percent. Newshub does not give voters options for this category. They are simply asked: "If you were able to vote for any … [Read more...] about NZ prefers Judith Collins to Simon Bridges as Prime Minister