Du Val ‘non-shareholder’ investors treated as creditors: Fisk
But statutory management ‘stops dead’ any other actions with the aim of protecting creditors, Minister Bayly says.
Police swooped on the home of Du Val’s Kenyon and Charlotte Clarke on August 2.
Du Val investors will be considered as creditors of the crippled Auckland apartment developer, unless they took up the offer to convert their interests to equity in Du Val Property, the company’s statutory manager says.
John Fisk, of PwC New Zealand, said that the estimated 120 investors across Du
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