Mainzeal liquidator calls company’s failure ‘an accident waiting to happen’
The liquidator hit back at claims the company collapse was due to a ‘perfect storm’.
Julie Iles
Wed, 29 Jul 2020
The collapse of Auckland-based construction group Mainzeal was “utterly predictable”, the liquidators’ lawyer Mark O’Brien QC told the Court of Appeal.
“It was an accident waiting to happen because it did not have any capital and it was trading using funds of its many and varied
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Julie Iles
Wed, 29 Jul 2020
Contact the Writer: julie@nbr.co.nz
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Mainzeal liquidator calls company’s failure ‘an accident waiting to happen’
Law,
84427