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Tougher teeth for trustees
Friday 7th of September 2007
That follows yesterday's receivership of Finance and Investments, the ninth finance firm to collapse in 16 months and the fourth in a fortnight. Investors with the nine companies are owed $1.2 billion.
The commission said in advice to Minister of Commerce Lianne Dalziel that trustees should have greater powers to obtain up to date and accurate information about a finance company's financ...
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