The Court of Appeal has dismissed disgraced Auckland property developer Greg Olliver's appeal at being banned as a director or promoter of a company or taking part in the management of a company.
The judgment, made on May 22, upheld a High Court decision in October 2021 to uphold a ban on Olliver's business dealings.
The deputy registrar originally deemed Olliver to be a risk to the public for his mismanagement of his company BBG Holdings, which went into liquidation in 2019 owing just under $1 million. Other claims valued at $7.9m were rejected.
The High Court did however, commute the Registrar of Companies' stand down period from four-to-three years, based on "errors" the court found in the Registrar's decision.
The appeal may also have backfired on Olliver, who has placed friend and accountant Wayne Bailey as a director on his companies, in that the Registrar has been granted the right of cross-appeal – in an effort to push the prohibition back to four years.