Latest Updates
On 2 July 2026, the High Court made orders placing CVI Management Serves Limited Partnership into liquidation at the request of the IRD. This is one of the entities the FMA is seeking to liquidate in its second liquidation application. The Court also scheduled a one-day hearing for the FMA’s second liquidation application, in which the FMA is asking the Court to place a further 25 Chance Voight entities (which include CVI Management Serves Limited Partnership) into liquidation. A firm hearing date is scheduled for 27 October 2026, and a back-up hearing date has been allocated for 28 August 2026. The next key event is a two-day hearing on 17 and 18 August 2026 for the asset preservation orders the FMA has sought against Mr Whimp and Hanmer Equities Ltd.
The next key event in this matter is the first call of the FMA’s second application to place 25 further Chance Voight entities into liquidation. The first call is scheduled in the High Court on 2 July 2026 at 10:00am. The FMA intends to ask the Court to allocate a one-day hearing of its second liquidation application at the first date available.
On 29 June 2026, the High Court heard the FMA’s application to liquidate the six Chance Voight entities currently in interim liquidation. The hearing proceeded unopposed. Despite a last-minute request by Mr Whimp asking the Court to adjourn the application, Mr Whimp did not attend the hearing and the Court accordingly proceeded. Associate Judge Lester, who heard the FMA’s application in a single day, reserved his decision and indicated his decision would be issued in three to four weeks.
On 26 June 2026, the High Court issued a costs decision on its earlier decision to reject an application brought by Mr Whimp seeking suppression of the interim liquidators’ report on behalf of the six companies in interim liquidation. The FMA had sought costs against Mr Whimp personally, however, the Court declined this request and instead awarded costs against the companies in interim liquidation. In the circumstances, the FMA will not seek recover these costs from the companies.
The Court has set down a three-day hearing from 29 June to 1 July 2026 to determine the FMA’s application to liquidate the six Chance Voight entities currently in interim liquidation and will consider the others in due course.
On 15 April 2026, the FMA wrote to confirmed Chance Voight investors to update them on the recent regulatory interventions taken by the FMA into Chance Voight, its subsidiaries, and persons and entities associated with Chance Voight.
FMA Investor Update Letter
