Redundant state asset clings to life

Legal technicalities continue to thwart efforts to wind up a redundant state asset.
The Electricity Corporation of New Zealand (ECNZ) no longer carries out ongoing business activities but must complete a series of land transfers before it can be dis

NBR staff
Fri, 16 Jul 2010

Legal technicalities continue to thwart efforts to wind up a redundant state asset.

The Electricity Corporation of New Zealand (ECNZ) no longer carries out ongoing business activities but must complete a series of land transfers before it can be dissolved.

According to its latest statement of

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