3 mins to read More troubles for Teak come out of the woodwork Owners of North Shore office park want to quiz the liquidators of the failed construction firm and IAG as to its indemnity insurance. The ‘leaky’ carpark at Candida Office Park on the North Shore. Brent Melville Wed, 10 Jun 2026 © All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription. The High Court has given the green light to a former client
of failed Auckland builder Teak Construction to pursue arbitration against the company and its liquidators. Teak and four of its related entities were put into voluntary liquidation with PKF Insolvency by its shareholders Stuart Charlton, Want to read more? It’s easy. Choose your subscription Already have an account? Login Smartphone Only Subscription NZ$29.95 / monthly Monthly Premium Online Subscription NZ$49.95 / monthly Smartphone Only Annual Subscription NZ$299.00 / yearly Yearly Premium Online Subscription NZ$499.00 / yearly Premium Group Membership 10 Users NZ$385+GST / monthly $38.5
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at a New Zealand university (valued at $499). View terms and conditions. Brent Melville Wed, 10 Jun 2026 Contact the Writer: bmelville@nbr.co.nz News tip? Question? Typo? Let us know: editor@nbr.co.nz © All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription. Teak Construction IAG New Zealand indemnity costs Candida stationery Free News Alerts Sign up to get the latest stories and insights delivered to your inbox – free, every day. Related News General Business Civil construction
firm owes nearly $6m in ‘huge’ liquidation Subbies succeed in securing new Teak liquidator Teak building firms owe $8m, subbies want liquidator out Another one bites the dust, Teak Construction hits the wall
Teak Construction, High Court, arbitration, liquidators, PKF Insolvency, Stuart Charlton, IAG, indemnity insurance, Candida Office Park, leaky carpark, North Shore