News, Restructuring & Insolvency

Decmil Construction NZ Limited – Retention claims to be fully paid

Full payment expected for retention claims owed by Decmil Construction NZ Limited.

The court process that began in July 2020 has resulted in the creation of a retentions trust that is expected to enable the full payment of valid retentions owed by the company.

The circular to creditors explaining this important development can be accessed here.

Circular to creditors dated 16 December 2020