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Hot Topic NBR Focus: GMO
Hot Topic NBR Focus: GMO
Law
4 mins to read

Appeal Court backs liquidation of Satori Holdings

Receivers of the company that owned the luxury Six Senses Resort in Fiji appointed liquidators to Andrew Griffiths’ company in February.

Six Senses’ Tovolea restaurant and beach.

Key points
  • What’s at stake: Andrew Griffiths has failed to overturn the lower court's decision to liquidate his investment vehicle, Satori Holdings. 
  • Background: The receivers of a company that owned the luxury Six Senses Resort in Fiji placed Satori into liquidation for failing to make a number of capital calls. 
  • Key players: Andrew Griffiths, Satori Holdings, Gordon Fell, Sequitur Hotels, FTI Consulting, Six Senses Resort, Island Grace (Fiji) Ltd, Grant Thornton. 

Kiwi businessman Andrew Griffiths has failed in his attempt to prevent the liquidation of his investment vehicle, Satori Holdings.

The Court of Appeal has upheld the lower court’s decision and dismissed Griffiths' appeal to overturn the liquidation proceedings, in a decision released this morning,

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Key points
  • What’s at stake: Andrew Griffiths has failed to overturn the lower court's decision to liquidate his investment vehicle, Satori Holdings. 
  • Background: The receivers of a company that owned the luxury Six Senses Resort in Fiji placed Satori into liquidation for failing to make a number of capital calls. 
  • Key players: Andrew Griffiths, Satori Holdings, Gordon Fell, Sequitur Hotels, FTI Consulting, Six Senses Resort, Island Grace (Fiji) Ltd, Grant Thornton. 
Appeal Court backs liquidation of Satori Holdings
Law,
102044
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