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High Court liquidation threat looms as ex-staff chase unpaid six-figure awards

written by Chief Editor

Construction Company Faces Liquidation as Unpaid Judgments Mount

Auckland property developer Anthony Corin’s Longevity Construction is teetering on the brink of liquidation, unable to meet court-ordered payments to former employees Diederik van Heerden and Robert Williams. The case highlights a growing trend of businesses struggling to meet financial obligations following Employment Relations Authority (ERA) rulings, particularly in a challenging economic climate.

The Van Heerden Case: A Long Road to Justice

Diederik van Heerden, a former construction operations manager, was made redundant in January 2024 after initially joining Longevity Construction as an independent contractor in 2021. The ERA found his dismissal unjustified and ordered the company to pay him $206,138.47, including lost remuneration, KiwiSaver contributions, and distress compensation. A further $8,436 was ordered to be personally paid by director Anthony Corin to cover legal costs. Despite the ruling in April 2025, van Heerden has yet to receive the full amount.

The situation has taken a significant toll on the van Heerden family. They were forced to sell possessions and exhaust savings intended for a house deposit, facing severe financial hardship. His wife, Elsje, was also made redundant at the same time, adding to the family’s struggles.

Williams’ Dismissal and the Legal Battle

Robert Williams, another former employee, also received a favorable ERA ruling, being awarded $67,958.67 for unjust dismissal. His case involved being informed of his redundancy via email while on sick leave. Like van Heerden, Williams has not received his payout.

Longevity Construction challenged the ERA’s decisions in the Employment Court, but a conditional stay requiring payment into court was not met. A creditor application for liquidation, initially filed in April 2025, is scheduled to be revisited in the High Court on April 20, 2026.

Economic Factors and the Rise in Liquidations

Anthony Corin attributes the company’s financial woes to a “35% drop in the economy,” claiming there are “no funds” available to satisfy the judgments. This echoes a broader trend of increasing liquidations, as businesses grapple with economic headwinds. The company proposed a creditors’ compromise, but this was rejected by van Heerden and Williams, as it did not accurately reflect the full extent of the amounts owed to them.

The Director’s Appeal and Claims of Evidence Suppression

Corin maintains he will appeal the ERA decisions, alleging that the authority did not consider crucial evidence demonstrating that the redundancies were justified and that employees were aware of potential job losses. He claims “20,000 pages of minutes” support his case, but this evidence was not accepted by the ERA.

What In other words for Employees and Businesses

This case underscores the importance of fair dismissal processes and the potential financial consequences for employers who fail to comply with employment law. It also highlights the difficulties employees face in recovering owed wages and compensation, even with a favorable ERA ruling. Employment law advocate Nita Sadie, representing van Heerden and Williams, expressed hope that compliance will ultimately be achieved.

Frequently Asked Questions

Q: What is unjustifiable dismissal?
A: Unjustifiable dismissal occurs when an employer terminates an employee’s employment without a fair and reasonable process, or without a legitimate reason.

Q: What is the Employment Relations Authority (ERA)?
A: The ERA is a New Zealand government body that resolves employment disputes.

Q: What happens if a company doesn’t pay an ERA ruling?
A: Employees can apply for a compliance order, and the company may face further legal action, including liquidation.

Pro Tip

Employers should always seek legal advice before making any redundancy decisions to ensure they comply with employment law and minimize the risk of costly disputes.

Brianna McIlraith is a Queenstown-based reporter for Open Justice covering courts in the lower South Island. She has been a journalist since 2018 and has a strong interest in business and financial journalism.

Want to learn more about employment rights in New Zealand? Visit the Employment New Zealand website for comprehensive information and resources.

March 7, 2026 0 comments
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Business

1 in 3 Kiwis have less than $500 in savings as people grapple with high costs – Westpac

written by Chief Editor

The Savings Divide: Regional Trends and the Future of Financial Resilience

New data reveals a significant disparity in savings habits across New Zealand, with residents in Canterbury and Otago leading the way while Aucklanders struggle to build a financial cushion. This trend highlights a growing concern about financial resilience, particularly as economic pressures mount.

The Regional Savings Landscape

Westpac data shows the median savings balance for customers in Canterbury and Otago reaches $4200, with a substantial 32% holding over $15,000. Remarkably, 28% of everyday banking customers in these regions consistently make monthly savings contributions. In stark contrast, Aucklanders have a median savings balance of just $1200 and a concerning 43% have less than $500 saved. Northland follows closely with a median balance of $1400 and 42% with less than $500.

Did you understand? Even with financial challenges, 81% of Westpac home loan customers also maintain a savings account, and 36% have automated monthly savings payments.

The Importance of Emergency Funds

Financial experts emphasize the critical role of emergency savings. Tom Hartmann of Sorted notes that building an emergency fund is the foundational step in improving financial capability, protecting individuals from crisis borrowing when unexpected expenses arise. The absence of even a tiny buffer – around $500 – can leave individuals vulnerable.

KiwiSaver Balances and Long-Term Planning

Beyond immediate savings, KiwiSaver balances also reveal regional variations. Wellington and Southland share the lead, with 42% of Westpac customers having balances exceeding $40,000. Nationally, 38% of KiwiSaver account holders reach this milestone. Westpac encourages individuals to regularly review their KiwiSaver fund to ensure it aligns with their life stage.

Navigating Economic Headwinds

While saving can feel challenging, especially in high-cost areas like Auckland, establishing consistent savings habits is crucial. Sarah Hearn of Westpac suggests that even small, regular contributions can make a significant difference over time. The data suggests that simply establishing the *behaviour* of saving is a great start.

Future Trends: Automation and Personalized Financial Tools

The future of savings likely lies in increased automation and personalized financial tools. Expect to witness more sophisticated budgeting apps that automatically identify savings opportunities and transfer funds to dedicated accounts. Banks and financial institutions will likely offer more tailored advice based on individual spending patterns and financial goals. The focus will shift from simply encouraging saving to making it effortless.

The Rise of Micro-Savings

Micro-savings platforms, which round up purchases and invest the difference, are gaining popularity. This approach makes saving accessible to individuals who struggle to set aside larger sums. You can anticipate further innovation in this space, with platforms integrating seamlessly into everyday banking experiences.

Financial Literacy and Education

Addressing the savings gap requires a greater emphasis on financial literacy. Providing accessible educational resources and workshops can empower individuals to make informed financial decisions. This includes understanding the benefits of compound interest, the importance of diversification, and the risks associated with debt.

Frequently Asked Questions

  • How much should I aim to save? Start with a goal of $500 for an emergency fund, then gradually increase your savings to cover 3-6 months of living expenses.
  • What’s the best way to save? Automate your savings by setting up regular transfers to a dedicated savings account.
  • Is KiwiSaver enough? KiwiSaver is a valuable long-term investment, but it shouldn’t be your only savings vehicle.
  • Where can I find free financial advice? Sorted.org.nz offers a wealth of free resources and tools.

Pro Tip: Review your subscriptions and recurring expenses. You might be surprised by how much you can save by cancelling unused services.

What are your biggest savings challenges? Share your thoughts in the comments below!

February 24, 2026 0 comments
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World

Nico Williams to Barcelona? Transfer Report Fuels Bayern Munich Snub

written by Chief Editor

Nico Williams‘ Transfer Saga: A Clash of Titans?

The football world is buzzing, and the focus is on Athletic Club winger Nico Williams. Recent reports, originating from transfer guru Fabrizio Romano and amplified by sources like @iMiaSanMia, suggest a potential shift in Williams’ desired destination. This could significantly impact the plans of two European giants: FC Barcelona and Bayern Munich.

Barcelona’s Allure and Bayern’s Pursuit

Williams’ preference appears to be a move to Barcelona, according to the information. This puts Barcelona in a prime position, but the situation is far from settled. The Catalan club must navigate financial hurdles, including his release clause, payment terms, salary demands, and agent commissions. Meanwhile, Bayern Munich, with its own set of ambitions, is still actively pursuing the player.

The situation highlights the complex dance of modern football transfers. A player’s desire plays a pivotal role, but financial viability is always a critical factor. For Barcelona, securing Williams would be a significant boost to their attacking options. For Bayern, it could mean the acquisition of a dynamic talent, aligning with their long-term squad strategy.

Did you know? Release clauses are a common feature in Spanish football contracts, giving players a degree of control over their future. They provide a clear exit strategy, provided the clause is met.

Bayern’s Options and Eberl’s Position

Bayern Munich’s board member for sport, Max Eberl, has publicly played down his knowledge of the situation. When questioned after Bayern Munich’s dominant 10-0 victory, his response was non-committal. This could be strategic, potentially aimed at keeping their cards close to their chest during negotiations or managing public expectations.

While Williams is reportedly a priority for Bayern, the club has other options available. This flexibility is crucial in the face of potential competition. Bayern’s scouting network is constantly evaluating talent, ensuring they have backup plans if their primary targets are unattainable. This approach is vital in a competitive transfer market.

Pro Tip: Clubs often employ a “Tiered Approach” when it comes to transfers. They identify multiple targets for a single position, with varying levels of priority and associated costs.

The Financial Landscape: Key to the Deal

The final outcome of the Williams saga will likely hinge on financial factors. Barcelona’s financial position, coupled with their willingness to meet Williams’ demands, will be paramount. Bayern Munich’s financial muscle, while substantial, will also need to be carefully weighed against their overall squad priorities and wage structure.

The valuation of Williams by Athletic Club, alongside the player’s individual demands, will be central to these discussions. These negotiations often involve intricate strategies, including the use of agents, and leveraging the player’s personal preferences.

Data Point: According to Transfermarkt, Williams’ current market value is estimated to be in the tens of millions of Euros. (Insert a dynamic market value if possible)

Barcelona’s Attacking Options

If Barcelona manages to secure Williams, he’ll add to their already impressive attacking options. The club is also rumored to be considering other high-profile players like Luis Díaz and Marcus Rashford. Competition for places will be fierce. These are exciting times for any Barcelona fan.

What Happens Next?

The next few weeks could be crucial. Barcelona needs to make a definitive move, assessing whether Williams is within their financial reach. Bayern Munich will likely continue to apply pressure, hoping to sway the player or capitalize on any breakdown in negotiations.

Keep an eye on the latest updates from reputable sources like Fabrizio Romano and other football news outlets for the latest breaking news on this developing story.

Frequently Asked Questions

Who is Nico Williams?
Nico Williams is a highly-rated winger for Athletic Club, known for his pace, dribbling, and ability to create chances.
Why are Barcelona and Bayern Munich interested?
Both clubs are seeking to strengthen their attacking options, and Williams fits the profile of a dynamic, young talent.
What’s a release clause?
A release clause is a pre-agreed fee in a player’s contract that, if met, allows the player to move to another club.
What are the financial implications?
The financial factors include the transfer fee (potentially the release clause), the player’s salary demands, agent fees, and potential bonuses.

Ready to delve deeper into the world of Bayern Munich and European football? Check out the Bavarian Podcast Works – Postgame Show for analysis of Bayern matches. Find it on Patreon, Acast, and Spotify. Stay tuned to Bavarian Podcast Works for updates and analysis on Bayern Munich and German football.

Follow us on Twitter @BavarianFBWorks, @BavarianPodcast @TheBarrelBlog, @BFWCyler, @2012nonexistent, @TommyAdams71 and more.

June 16, 2025 0 comments
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