The Failure & Judgement of Mainzeal

Mainzeal was a large construction firm that went into liquidation in 2013 owing $110m to creditors. 

The liquidators pursued the directors through the High Court, who were found to have been recklessly trading.

The judgement found the directors liable for $36 million.

Damien and Brent discuss Mainzeal’s situation and answer some key questions.