Mainzeal Property and Construction Ltd (in Liq) v Yan and Others

Judgment Date26 February 2019
Neutral Citation[2019] NZHC 255
Date26 February 2019
CourtHigh Court
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9 cases
  • Richard Ciliang Yan v Mainzeal Property and Construction Ltd (in Liquidation)
    • New Zealand
    • Supreme Court
    • 25 August 2023
    ...directors of Mainzeal throughout the time critical to the ss 135 and 136 claims. 3 Mainzeal Property and Construction Ltd (in liq) v Yan [2019] NZHC 255 [HC judgment] at 4 Yan v Mainzeal Property and Construction Ltd (in liq) [2021] NZCA 99, [2021] 3 NZLR 598 (Kós P, Miller and Goddard JJ)......
  • Banks v Farmer and Others
    • New Zealand
    • High Court
    • 28 July 2021
    ...and Auckland Partner of PwC specialising in corporate finance and restructuring. 90 See Mainzeal Property and Construction Ltd v Yan [2019] NZHC 255 at [276] per Cooke J commenting that “From the creditors' perspective, failure would have been seen as a low risk. This was a well-established......
  • Yan v Mainzeal Property and Construction Ltd ((in Liquidation))
    • New Zealand
    • Court of Appeal
    • 31 March 2021
    ...in July 2018 Vero Vero Insurance APPENDIX A APPENDIX B APPENDIX C APPENDIX D 1 Mainzeal Property and Construction Ltd (in liq) v Yan [2019] NZHC 255 [High Court Judgment No 1] at 2 A precursor company had been established as long ago as 1968. 3 See [153] below. 4 Typographical errors in thi......
  • 3608
    • New Zealand
    • High Court
    • 22 December 2021
    ...Liquidation) v Coopers & Lybrand [1996] 1 NZLR 392. For example, reckless trading: Mainzeal Property and Construction Ltd (in liq) v Yan [2019] NZHC 255 and Yan v Mainzeal Property and Construction Ltd (in liq) [2021] NZCA doubt about whether there is a cause of action but from the mingling......
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2 firm's commentaries
  • Mainzeal directors liable for reckless trading - what could this mean for other directors?
    • New Zealand
    • Mondaq New Zealand
    • 12 April 2019
    ...to be late 2019 or early 2020 before any appeal is heard. Footnote 1 Mainzeal Property and Construction Ltd (in liq) v Yan and Others [2019] NZHC 255 The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific...
  • Directors liability in the spotlight
    • New Zealand
    • Mondaq New Zealand
    • 6 April 2019
    ...Property and Construction Limited (in liq) v Yan & Ors [2019] NZHC 255 When Mainzeal Property and Construction Limited (Mainzeal) collapsed in February 2013, it left behind a raft of unsecured creditors who were jointly owed just over $110 million. The proceedings brought by Mainzeal's ......

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