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PSL wind-up hits a snag

Tuesday 21 March 2017 | Published in Local

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PSL wind-up hits a snag
The Pacifi c Schooner Ltd vessel Tiare Taporo has been tied up at Avatiu Wharf for months. 17032041

The winding up of troubled shipping company Pacific Schooners Ltd appears to have hit a snag as the Chief Justice wants the court-approved New Zealand firm chosen to liquidate the company to first fulfil three conditions - including being paid less.

The winding up of troubled shipping company Pacific Schooners Ltd appears to have hit a snag as the Chief Justice wants the court-approved New Zealand firm chosen to liquidate the company to first fulfil three conditions - including being paid less.


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