A Christchurch developer and the owner of a Velvet Burger company, which was to have leased space in a $140million building in the Christchurch CBD have reached a settlement out of court. While Velvet Burger had a leasing contract, it did not open shop, claiming it could terminate the lease if the Avon riverside development was not ready for occupation. The Terrace Christchurch Ltd, whose sole director and shareholder is Antony Gough, of Christchurch, had sought to have the non-trading Velvet Burger Terrace Ltd placed in liquidation. The latter's sole director is James Arnott. Messages were left for Mr Gough and Mr Arnott, but neither responded.

Source: Otago Daily Times April 04, 2019 15:33 UTC