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Mainzeal liquidators pursue Yan in China for $61m

High Court issues orders allowing bankruptcy notice to be served via newspaper adverts.

The Supreme Court found Mainzeal boss Richard Yan breached directors' duties in the lead-up to Mainzeal's collapse.

Tim Hunter Tue, 30 Jan 2024

Advertisements have been placed in Chinese newspapers notifying former Mainzeal managing director Richard Yan of bankruptcy proceedings brought by liquidators seeking payment of $60.9 million.

In August last year the Supreme Court ordered Yan and three other Mainzeal directors – Dame Jenny

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Mainzeal liquidators pursue Yan in China for $61m
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