Former Prime Minister Dame Jenny Shipley is part of the lengthy legal proceeding after the construction company's collapse. Photo / Dean PurcellFormer Prime Minister Dame Jenny Shipley is part of the lengthy legal proceeding after the construction company's collapse. Photo / Dean PurcellFormer Mainzeal directors, including ex-prime minister Dame Jenny Shipley, remain liable for reckless trading before the construction company collapsed, the Court of Appeal has ruled. As the [High Court] Judge held, there was no net deterioration in the company's position between 31 January 2011 and the date of liquidation in early 2013," the 186-page judgment reads. But the court reached a different view about the liquidators' claimed section 136 breach of the legislation, an argument which had failed in the High Court.

Source: New Zealand Herald March 31, 2021 01:42 UTC