Judge liquidates Nakhle family horseracing companies in court battle
A court has liquidated two loss-making thoroughbred businesses owned by the Nakhle family, amid a dispute involving a contested debt reassignment.
A judge has ordered the liquidation of two horseracing companies at the centre of a family dispute involving the extended family of National MP Rima Nakhle. The breakdown centres on loss-making thoroughbred businesses. A $7 million Westpac debt reassignment made late in the proceedings was described as a desperate last-minute tactic.
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NZ Herald
Richlist Nakhle family court battle: Judge liquidates insolvent horseracing companies
Surprise $7m Westpac debt reassignment labelled 'desperate last-minute tactic'.
Newsroom
Inside the $40m family feud that liquidated two Nakhle firms
Loss-making thoroughbred businesses are at the centre of a breakdown within the extended family of National’s Takanini MP, Rima Nakhle