Anne Gibson

Anne Gibson is the Property editor of the NZ Herald

Liquidation halts legal action

The Nautilus apartment building in Orewa. Photo / Dean Purcell
The Nautilus apartment building in Orewa. Photo / Dean Purcell

Owners of an Orewa Nautilus apartment tower are unable to continue legal action against a multi-national builder which has gone into liquidation.

Trevor Corin, chairman of the Nautilus body corporate, said Brookfield Multiplex Constructions (NZ) is now in the hands of Anthony McCullagh and Stephen Lawrence of PKF Corporate Recover and Insolvency (Auckland), meaning the end to legal claims over big leaks in the block.

"The effect of the liquidation is to stay the proceeding against the old company. The new company is a separate legal entity and the owners will have no claim against the new company," Tim Rainey, acting for the Nautilus claimants, said.

Brookfield Multiplex was the head contractor for the blocks' construction and the owners were claiming in the High Court at Auckland that it was responsible for several design changes.

But in the surprise move, Brookfield filed the High Court notice, declaring itself in liquidation and saying PKF had appointed David Perry of Buddle Findlay to handle any legal issues.

- NZ Herald

© Copyright 2014, APN New Zealand Limited

Assembled by: (static) on red akl_n2 at 01 Aug 2014 12:56:01 Processing Time: 512ms