Camelspace scaffolding has $1 million worth of equipment trapped at the Hobson Gardens apartments, i

The collateral damage to subcontractors and building owners caused by the liquidation of construction company Mainzeal illustrates the need for changes to New Zealand's corporate law, according to a construction dispute expert.
Camelspace scaffolding has $1 million worth of equipment trapped at the Hobson Gardens apartments, in central Auckland, new york hotel casino las vegas but has been locked out of the property since Mainzeal went into receivership last week. Camelspace is also owed around $300,000 by Mainzeal.
But McConchie said he understands the predicament of the building owners, who had their leaky apartment building three-quarters repaired before Mainzeal went under. "There are no winners in this. I feel for them too."
The company's collapse was blamed on a "series of adverse events" and a downturn in commercial construction by Yan, but former directors pointed to legacy issues of the company's involvement with leaky homes.
A more radical solution would involve changing limited liability laws for companies, the "corporate veil", that removes directors' personal accountability new york hotel casino las vegas for the actions of the company, Grimshaw said.