Tag: insolvency
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High Court Places 23 Further Chance Voight Entities in Liquidation
New Zealand's FMA welcomes a High Court ruling liquidating 23 more Chance Voight group entities, with liquidators appointed and the regulator's investigation continuing.
BusinessLaw EnforcementLegalFinancial MarketsBanking Chance VoightFinancial Markets AuthorityliquidationHigh CourtMargot GatlandinsolvencyNZ Financial Markets Authority
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High Court Liquidates Six Chance Voight Companies After FMA Investigation
Six Chance Voight companies have been placed into liquidation by the High Court following an FMA investigation. The Court found the Rangiora-based group insolvent and operating an unsustainable business model, relying on new investor funds.
BusinessPolitics and GovernmentLaw EnforcementEconomyFinancial MarketsLegalFederal Government Chance Voight GroupFinancial Markets AuthorityLiquidationInsolvencyHigh CourtFinancial RegulationNZ Financial Markets Authority