Mainzeal: Reckless Trading

Mainzeal: Reckless Trading

In Mainzeal1 the former directors were held liable for a breach of section 135 of the Act. Richard Yan, (who was the founder and main shareholder of Mainzeal’s parent company, Richina Pacific) was ordered to pay compensation of $36M.  Each of the other directors (Shipley, Tilby and Gomm) were held liable to contribute $6M each towards that $36M. Read more.

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