PremiumPremiumBusinessDu Val court hearing pencilled inJudge this week will be considering PwC’s application for information in the case.15 Dec 09:58 PM
PremiumPremiumPropertyFlorida funder loaned $28.2m to Rotorua housing projectLiquidator expects no loss to customers.15 Dec 08:44 PM
PremiumPremiumBusinessReceivers, liquidator in charge of Rotorua's Mountview Green final stagesReceiver says 22 homes completed, not settled; 20 more in various stages of construction.11 Dec 08:02 PM
PremiumPremiumBusiness'Where's my son's $75,000?': Refund plea in Auckland housing schemeMore than 50 buyers are owed money from the planned development.05 Dec 01:34 AM
PremiumPremiumBusinessAuckland buyers owed $2.03m for homes never built, land not even bought'We need a law change in NZ to protect young, first-time home buyers' - insolvency expert.04 Dec 12:49 AM
PremiumPremiumBusinessDu Val receivers PwC due in court against Charlotte and Kenyon Clarke tomorrowThe case revolves around access to information and PwC escaping paying Remuera home rent.01 Dec 04:00 PM
PremiumPremiumBusiness'I bleed orange but this is awful': Mitre 10 selling properties to repay debt'Sale of several non-strategic property assets [to] re-cycle capital, reduce debt.'29 Nov 12:00 AM
PremiumPremiumBusinessProperty Insider: $244k bill for Gulf Harbour Country Club’s owner; Here comes Santa ClausIt's the most wonderful time of the year, especially when Precinct goes tree generous.25 Nov 04:00 PM
Business$3.3b landlord says dramatic financial turnaround vindicates Sylvia Park strategyChief executive Clive Mackenzie says the results give the company more confidence.24 Nov 08:32 PM
PremiumPremiumBusiness'Burning cash' - insider on Mitre 10's 'horrific' software system upgradeAuditors PwC: Cited disruptions to operations from that IT upgrade.20 Nov 12:02 AM
PremiumPremiumBusiness'Easy sales are not there any more' - liquidator of Chch real estate officeHead office had terminated arrangements with agency for non-payment of fees - liquidator.14 Nov 04:00 PM
BusinessDelay looms for FMA case against Du Vul founders unable to secure lawyerFMA action could be stalled by lack of lawyer but PwC action will proceed as planned.14 Nov 04:33 AM
PremiumPremiumBusinessJones Lang LaSalle fined $5000 for trust account audit breachBreaches occurred inadvertently due to a miscommunication and a change, JLL says.07 Nov 10:09 PM
PremiumPremiumBusinessSkyCity AGM: Shareholder criticism for non-compliance, regulatory actions by authoritiesShareholder said company had been mismanaged and asked about accountability.31 Oct 01:21 AM
New Zealand'I’ve just signed my life away to that woman': Partner's plea for help after changing willThe alterations, made when he had dementia, meant less went to his three daughters.20 Oct 12:00 AM
Banking and financeEye-watering $237m debts run up by failed Du Val, first statutory report reveals'A number of limitations in respect of these financial records' - PwC on Du Val entities.26 Sep 04:28 AM
PremiumPremiumConstructionStonewood Key’s John Chow on house building; Du Val-managed apartments suffer setbacks'Our current focus is on finishing our existing projects': John Chow, Stonewood Key23 Sep 05:00 PM
PremiumPremiumBanking and financeWhy Fletcher Building needs $700m in extra capital'Capital raise keeps the wolves from the door' - analyst Andrew Scott of Morgan Stanley.23 Sep 12:08 AM
PremiumPremiumBanking and finance$3.6m liabilities: PwC report on Sportcraft boating businessesStaff, Inland Revenue and many others are listed as being owed money by the two companies.18 Sep 08:29 PM
PremiumPremiumBanking and financeEleven most important topics before picking a builder: G.J. Gardner chief'In a challenging economy, it pays to ask a few challenging questions.'18 Sep 05:00 PM
PremiumPremiumBanking and financeDu Val's legal tsunami: eight court cases pending against businessesTwo advisers listed in a Du Val document told PwC they did not have any involvement.05 Sep 05:25 AM
PremiumPremiumBanking and financeA Du Val business valued at $431m? Receiver notes no independent valuationNo external valuation to show one entity was worth $431m, according to new PwC report.04 Sep 10:46 PM
PremiumPremiumBanking and financePonsonby’s Chapel Bar & Bistro: Who is claiming money, how much is owedList of creditors just released shows IRD, bank, food and drink suppliers are owed money.04 Sep 04:50 AM
PremiumPremiumConstructionNew house-building business couldn't survive downturn: $8.9m liabilitiesKPMG will now go about realising assets in an attempt to repay company debts.03 Sep 09:19 PM
PremiumPremiumBanking and finance'Improper' Covid cash claim: Ministry takes hotel building contractor to courtIssue over nearly $250,000 in pandemic-era wage subsidies.02 Sep 08:33 PM
PremiumPremiumAnalysisJane PhareDu Val downfall: From champagne, private jets to receivership and $250m debtNow Du Val investors and creditors want their money.02 Sep 04:00 AM
PremiumPremiumBanking and financeELE collapse: Deloitte repaying staff $4.1m owed, BNZ gets full amountReceivers have collected about 85% of the total amount owed by debtors.30 Aug 12:24 AM
Construction'Stabilising investment property market' - giant landlord Precinct reports resultCompany is progressing further growth in the apartment sector.27 Aug 11:12 PM
PremiumPremiumAirlinesProperty Insider: ‘Wind pressure’ on Seascape; Du Val estimated to owe $250m; new Ikea roofDeputy Mayor Desley Simpson explains what steps the council will take on the skyscraper.27 Aug 03:00 AM
PremiumPremiumBanking and financeCambodian baker migrants fail to get order to stop BNZ selling Auckland homeBNZ became concerned that it made the loan based on false information presented to it.26 Aug 04:38 AM
PremiumPremiumConstructionDu Val Group: Andrew Bayly quizzed over statutory managementComplexity and scale meant immediate government intervention was required - Bayly.22 Aug 04:00 AM
PremiumPremiumBanking and financePwC braced for 6-month ban in China over Evergrande auditFinancial Times: PwC punished for work on failed property developer’s accounts.21 Aug 09:42 PM
Banking and financeGovernment steps in: Du Val Group placed in statutory managementAndrew Bayly and the FMA issued statements about why this happened and what's next.21 Aug 07:14 AM
PremiumPremiumBanking and financeWhen will we know more about Du Val's interim receivership?Report went in last Friday, PwC says. Nothing has been released in public yet.20 Aug 04:38 AM