The struggle between businessman Dave Henderson and liquidator Robert Walker has become epic. Martin Van Beynen, reporter finds two men – alike in many ways – injuring each other.
Henderson, in Walker’s view, represents everything that is wrong with New Zealand commerce.
Walker, in Henderson’s view, represents everything that is wrong with the insolvency industry……
When IRD put Henderson’s mothership company Property Ventures Ltd (PVL) into liquidation in 2010 it turned to Walker to be liquidator. Walker was chosen for a particular reason. He is a very skilled accountant, good at unpicking companies and not frightened of litigation. He also has a thing about the proliferation of companies – he thinks they are a disaster for accounting and accountability – and in Henderson he seems to have a prime example.
Henderson has been a director of 120 companies, 52 of which have gone into liquidation. The National Enforcement Unit of the Ministry of Business, Innovation and Employment estimates the 52 companies in liquidation have losses of $219m. Henderson disputes this and says debts were backed by plenty of assets.
For full story published 20/08/15 see: