February 18, 2019 - February 18, 2019

Construction Contracts Act 2002 – Retentions – Ebert Construction Limited (In Receivership & In Liqudiation)

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18 Feb, 2019 From 12:00 PM - 02.00 PM

Level 3, Hobson Room at Alexandra Park Function Centre, Gate B, Greenlane Road West, Auckland
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18th February 2019 from 12:00pm-2:00pm (L3, Hobson Room, Alexandra Park Function Centre, Gate B, Greenlane Road West)

A huge welcome back to events in Auckland. Starting the new year (2019) off, we are pleased to have staff from PricewaterhouseCoopers speaking on a very popular topic – “Receiverships and Liquidations”. This will include a focus on retentions.

Lara Bennett, executive director from PwC and the receiver on Ebert construction will be speaking.

Construction Contracts Act 2002 – Retentions – Ebert Construction Limited (In Receivership & In Liqudiation)
  • Overview of Provisions
  • Status of retentions upon receivership of Ebert
  • Options and issues for proceeding
  • Court application process
  • Application of Act and Court Directions in practice

Lara has over 20 years of business experience, working in the construction sector for 4 years prior to joining PwC, where she is currently an Executive Director specialising in restructuring. Following on from her time in the construction industry, Lara has maintained a strong interest in the property sector, where she has been involved in a number of high profile assignments, including lead roles in the Bridgecorp and Mainzeal receiverships and as a receiver of Ebert Construction. Lara also undertakes advisory assignments and assists with firm wide PwC proposals and engagements in the sector.

In respect of the retentions provisions of the Construction Contracts Act 2002 Lara has given a number of presentations and hosted discussion sessions with industry stakeholders on the practical implications of the new rules and was responsible for the preparation of detailed submissions made to MBIE on the legislation. In 2018, Court directions were sought as to the application of the provisions in respect of Ebert Construction and Lara is one of the Court appointed receivers of the associated retentions fund.

Lara’s work at PwC also includes all aspects of corporate restructuring work, including independent appraisals, restructuring advice, performance improvement, monitoring, receiverships, voluntary administrations, and liquidations. Her experience extends over a wide selection of industries in addition to property, including retail, education, transport, horticulture, technology and aviation. She is a Chartered Accountant and a CAANZ Accredited Insolvency Practitioner (NZ).

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