Appeal Court ruling in favour of law firm Grimshaw upheld.
A pair of Aussie-based former Optic Security Group investors have accused its new owners, Arena Investors, of putting a subsidiary into administration to dodge a court bill they’re owed.
Interim order prevents him from making offers or accepting any investments.
Hwadro International narrowly avoided having its case against Moa struck out by the High Court in September, but is yet to replead its case or pay security.
A judge had ruled last year there was ‘strong justification’ for allowing creditors access.
At issue is what counts as insolvent for voidable transactions in liquidation.
High Court passes sentence of six months community detention and $100,000 fine for insider trading in 2018.
The sentence follows a jury’s guilty finding in August.
The FMA accused Natalie Ann Carter of using fake pay slips to apply for $3m worth of home loans for herself and two clients.
Waka Kotahi will defend the proceedings as it pushes to hold the contractors accountable.
