The $75m deal will lift a stay on New Zealand class action with more than 3000 members.
Redacted asset preservation order obtained by NBR also reveals unreported restrictions on Hamilton law firm iClaw.
Chapman Tripp has called for repeal of reckless trading duties for clubs and societies but Andrew Bayly says ‘no immediate evidence’ for such a move.
The proceedings related to historic land covenants in Napier, Lower Hutt, and Wellington, which the judge said was a ‘deliberate effort’ to hinder competitors at that time.
The pair were found, in April last year, to have breached the market manipulation and disclosure provisions under the FMC Act.
Investors looking to leverage a lender buyout, with Clarkes’ holding possibly used to pay back out-of-pocket ‘mum and dad’ investors.
Lawyer Owen Culliney’s home and office understood to have been visited on Friday.
Companies Office records reveal full extent of Financial Markets Authority's move on property developer.
FMA's move to place group, founders in receivership comes amid active investigation by market regulator.
At issue was whether overseas shareholders are subject to a liquidator’s demand for information if they reside overseas.
