AQ v KX & Anor LCRO 274/2013 (17 May 2016) [pdf, 57 KB]
...[Company V] and other parties on its behalf. [16] [Company V] was placed into liquidation on 8 February 2013. The liquidator’s first report dated 13 February 2013 noted that [Company V]’s failure was attributed to difficulties in obtaining resource consent for the proposed development and problems with management. It also recorded that substantial funds were raised from overseas investors, whose funds had been paid to a number of companies to develop the project. [17] The rep...