Law firm under fire for dual Mainzeal role
Minter Ellison's role in advising Mainzeal liquidator BDO is under fire because it is also acting against the construction firm in a separate case.
Law firm Minter Ellison’s role in advising Mainzeal liquidator BDO has come under fire because the firm is also acting against the construction firm in a separate case.
Today’s National Business Review print edition reveals Minter Ellison is acting for Botany Downs’ owners in a leaky building claim against Mainzeal.
The case has been stayed as a result of the liquidation and a Minter Ellison partner denies any conflict, saying the owners are not in competition with the liquidators.
However, an insolvency expert from rival firm Kensington Swan has described the situation as “extraordinary”.
In other print edition news, bankrupt developer Rod Nielsen is suing Albany Heights developers Paul Bublitz and Chris Cook.
A pre-trial hearing was held this week in Auckland for the claim, which is for at least $3.2 million.
NBR also discusses in depth tax issues are after it was found readers are concerned at what a Labour-Green coalition would implement after the next election.
Green Party finance spokesman Russel Norman sets out his views on a capital gains tax and environmental taxes, while Labour finance spokesman David Parker says a top tax rate of 39% for those earning over $150,000 is a fair rate for the wealthiest Kiwis to pay.
Employers and Manufacturers’ Association chief executive Kim Campbell says the proposals for a capital gains tax have set off alarm bells.
Columnist Rodney Hide writes that people who have lost their jobs do not stay redundant for long.
“ ... we don’t want jobs, we want money. It’s just polite to say it’s a job we’re after.”
NBR staff
Fri, 12 Apr 2013
Fri, 12 Apr 2013
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Law firm under fire for dual Mainzeal role
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