Decmil Construction Ltd (In Liquidation) Update
This is an update for Decmil Construction New Zealand Ltd (In Liquidation). Tempest Litigation Funders Limited (Tempest) is a debt-buying company and has purchased debts inside the liquidation of Decmil New Zealand Limited.
Decmil New Zealand Ltd is 100% owned subsidiary of Decmil Australia, which is a large, to be profitable, solvent, still registered and trading on the Australian Stock Exchange. Mr Mc Veigh, an Australian based Insolvency practitioner, has declined to hold a creditor’s meeting. It is remarkable and inappropriate to have a Perth-based insolvency practitioner, administering such a large insolvency. So, we have proposed Iain Shepherd and Angela Bethell from BDO, a New Zealand-based insolvency firm. If you would like to support us in this effort to replace those liquidators, please find the proxy form in this link.
If you’d like to get in touch, please contact us.