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Judge refuses to void Five Star payments (27 January 2012) (New Zealand)

NZ Herald

The liquidator for failed lender Five Star Finance has lost its bid to void a series of transactions worth some $929,000.

In the High Court at Auckland, Associate Judge Roger Bell turned down an application by liquidators Gerald Rea and Paul Sargison of Gerry Rea Partners to void payments by Five Star Finance to Bowden No 14 Trust between September 2006 and August 2007, according to a judgment this week.

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