McGrathNicol
CBL Insurance to be wound up as creditors back RBNZ's liquidation push over directors' rescue remedy; RBNZ commissions inquiry into its handling of CBL Insurance
12th Nov 18, 2:15pm
6
CBL Insurance to be wound up as creditors back RBNZ's liquidation push over directors' rescue remedy; RBNZ commissions inquiry into its handling of CBL Insurance
Court rejects proposed deal for CBL Insurance to pay its largest creditor nearly all its cash for it to write off its liabilities
1st Oct 18, 5:10pm
Court rejects proposed deal for CBL Insurance to pay its largest creditor nearly all its cash for it to write off its liabilities
Gibraltar-based insurer, caught in the CBL web, reaches agreement with one of its subsidiaries while it sues another
13th Aug 18, 4:51pm
1
Gibraltar-based insurer, caught in the CBL web, reaches agreement with one of its subsidiaries while it sues another
CBL Insurance policyholders and beneficiaries advised to consider seeking cover elsewhere; Any costs they face will rank as an 'unsecured creditor claim' if the company enters liquidation
28th Feb 18, 11:23am
8
CBL Insurance policyholders and beneficiaries advised to consider seeking cover elsewhere; Any costs they face will rank as an 'unsecured creditor claim' if the company enters liquidation
Feltex receivership wraps up with plug puller ANZ still owed almost NZ$20 mln, unsecured creditors and shareholders out of pocket
11th Apr 13, 9:29am
2
Feltex receivership wraps up with plug puller ANZ still owed almost NZ$20 mln, unsecured creditors and shareholders out of pocket
Allied Nationwide Finance receiver McGrathNicol helps Allied Farmers kick the can down the road by extending NZ$13.4 mln loan for a year
26th Jun 12, 10:16am
Allied Nationwide Finance receiver McGrathNicol helps Allied Farmers kick the can down the road by extending NZ$13.4 mln loan for a year
Non-operating NZ subsidiary of stricken Aussie firm Hastie Group also in receivership and owes parent about NZ$6.4m; But NZ operating companies not in receivership
28th May 12, 2:49pm
1
Non-operating NZ subsidiary of stricken Aussie firm Hastie Group also in receivership and owes parent about NZ$6.4m; But NZ operating companies not in receivership
BusinessDesk: Crown claws back NZ$645 million in South Canterbury Finance receivership, still over NZ$1 billion down
4th May 12, 4:31pm
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BusinessDesk: Crown claws back NZ$645 million in South Canterbury Finance receivership, still over NZ$1 billion down
BusinessDesk: Allied Nationwide Finance receivers flag handover to govt in coming weeks
18th Apr 12, 10:09am
4
BusinessDesk: Allied Nationwide Finance receivers flag handover to govt in coming weeks
BusinessDesk: 'It wasn’t that complex' – Ex-DataSouth CEO on $103m fraud
Ernst and Young says its liability is 'probably' limited to between NZ$200,000 and NZ$300,000 from Feltex liquidator's 'baseless' court case against the firm
14th Feb 12, 4:05pm
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Ernst and Young says its liability is 'probably' limited to between NZ$200,000 and NZ$300,000 from Feltex liquidator's 'baseless' court case against the firm
Belfast Park rural zoned land on outskirts of Christchurch sold but sales processes for industrial slice and parcel featuring 640 residential lots drag on
13th Feb 12, 4:13pm
1
Belfast Park rural zoned land on outskirts of Christchurch sold but sales processes for industrial slice and parcel featuring 640 residential lots drag on
Existing NZ shareholders Colin and Dale Armer, Alan Pye and Jagewi Ltd move to full ownership of Dairy Holdings as SCF, Americans exit
3rd Feb 12, 10:52am
7
Existing NZ shareholders Colin and Dale Armer, Alan Pye and Jagewi Ltd move to full ownership of Dairy Holdings as SCF, Americans exit
'Banks in support' as resolution to 'financially sound' Dairy Holdings' shareholder stoush nears
1st Feb 12, 4:15pm
2
'Banks in support' as resolution to 'financially sound' Dairy Holdings' shareholder stoush nears
The government expects to recoup about another NZ$285 mln for taxpayers from the South Canterbury Finance receivership
28th Oct 11, 4:07pm
6
The government expects to recoup about another NZ$285 mln for taxpayers from the South Canterbury Finance receivership
BusinessDesk: Offers for Allied Nationwide Finance loan book 'unsatisfactory', receiver says
28th Oct 11, 11:04am
2
BusinessDesk: Offers for Allied Nationwide Finance loan book 'unsatisfactory', receiver says
Taxpayers' have got NZ$395 mln back from NZ$1.58 bln outlay on South Canterbury Finance receivership so far
27th Oct 11, 1:16pm
3
Taxpayers' have got NZ$395 mln back from NZ$1.58 bln outlay on South Canterbury Finance receivership so far
Allied Farmers settles NZ$5m dispute with Hanover; Will convert capital notes into shares; Reveals NZ$41m audited annual loss
6th Oct 11, 1:44pm
3
Allied Farmers settles NZ$5m dispute with Hanover; Will convert capital notes into shares; Reveals NZ$41m audited annual loss
High Court more than halves huge costs awarded to 5 ex-Feltex directors after Registrar of Companies appeal
28th Sep 11, 3:57pm
High Court more than halves huge costs awarded to 5 ex-Feltex directors after Registrar of Companies appeal
Govt allows South Canterbury Finance receiver to sell 64 hectares of residential Christchurch land as Labour touts buying sections for red-zone home owners
21st Sep 11, 4:02pm
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Govt allows South Canterbury Finance receiver to sell 64 hectares of residential Christchurch land as Labour touts buying sections for red-zone home owners
Japan's Nomura to recruit assistance to help run South Canterbury Finance's 'Good Bank'
18th Aug 11, 4:11pm
1
Japan's Nomura to recruit assistance to help run South Canterbury Finance's 'Good Bank'
Japan's Nomura buys NZ$123 million of South Canterbury Finance consumer, business and rural loans
16th Aug 11, 2:26pm
Japan's Nomura buys NZ$123 million of South Canterbury Finance consumer, business and rural loans
Failed property developer Terry Serepisos owes taxpayer NZ$41.4m, ASB NZ$5.36m and ANZ NZ$2.98m
18th Jul 11, 1:20pm
6
Failed property developer Terry Serepisos owes taxpayer NZ$41.4m, ASB NZ$5.36m and ANZ NZ$2.98m
South Canterbury Finance receiver falls silent on Dairy Holdings sales process and Armer court action
12th Jul 11, 4:15pm
2
South Canterbury Finance receiver falls silent on Dairy Holdings sales process and Armer court action
It's wrong to use the SFO as leverage in a commercial dispute as alleged in Dairy Holdings bust up, says SFO boss
10th Jun 11, 4:01pm
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It's wrong to use the SFO as leverage in a commercial dispute as alleged in Dairy Holdings bust up, says SFO boss