James ArnottAn application to put a non-trading Velvet Burger company into liquidation was prompted by a long-running lease dispute in Christchurch's new hospitality precinct. The Terrace Christchurch Ltd has applied to the High Court at Dunedin to have Velvet Burger Terrace Ltd put into liquidation. Mr Arnott said yesterday a lease had been signed with Mr Gough in about 2015. He said his company, Velvet Burger Terrace Ltd, incorporated in March 2016, "had never traded". There are six Velvet Burger companies, Velvet Burger Octagon, Velvet Burger Auckland, Velvet Burger Federal St, Velvet Burger Christchurch, Velvet Burger International and Velvet Burger Terrace, all of which are limited liability companies.

Source: Otago Daily Times March 28, 2019 15:22 UTC