Liquidators’ powers ‘don’t apply to US investor’, court told
Ormiston Rise’s New York backer says it’s exempt from New Zealand law.
A law saying shareholders of a failed company must hand over documents to the liquidator does not apply to overseas parties, New York financier Arena Investors has told the High Court.
Arena was the major backer of the troubled South Auckland housing development Ormiston Rise and a 19.5%
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