Recovered retention monies are separate from company assets in liquidations

In a recent case, the High Court has provided important clarification on the treatment of retention monies, reinforcing the statutory trust obligations under the Construction Contracts Act 2002 (CCA).

Filed under:
New Zealand, Insolvency & Restructuring, Litigation, MinterEllisonRuddWatts
Authors:
Janine Stewart , Scott Thompson , Stephen Price , Mark Crosbie , Matthew Ferrier , Sarah Sinclair
Location:
New Zealand
Firm:
MinterEllisonRuddWatts