Eric Watson

Leon Bowker of KPMG, acting as liquidator for Watson's company Cullen Investments that was ruled in 2019 to owe Inland Revenue more than $112m in back taxes and ...

[Eric Watson’s brother and friend fail to get courts ...](https://www.nzherald.co.nz/business/eric-watsons-brother-and-friend-fail-to-get-courts-to-protect-their-assets/BJUFQESMHNDYTAKAAQ6XYZMDUE/?ref=readmore) [Where's Eric Watson? If the debt was not settled within 10 days, KPMG would be in a position to apply to the High Court and declare Watson bankrupt. “That’s just a load of horseshit. “This is a straightforward claim for the net balance owing ... And then if he doesn’t pay, we’ll proceed to bankruptcy,” Bowker said. Watson is in London and was not expected to be present in court today, telling the Herald over the weekend that he was unaware of the lawsuit. “The agent was able to complete delivery and service was effected on 7 November 2022,” the report said. Watson said he disputed the claim he owed money to Cullen. KPMG successfully sought orders from the High Court allowing substituted service, while also simultaneously employing a “private agent” to press for delivery of the lawsuit in Ibiza. “The liquidators were informed that the occupants of Mr Watson’s address repeatedly refused to accept delivery of documents from the courier,” the report said. as a result of advances made the plaintiff to the defendant over a series of years,” Justice Campbell said. KPMG was appointed to a swathe of Watson’s companies in late 2019 to chase more than $112m owed to Inland Revenue after a complex Cayman Island restructuring was found by the High Court to amount to tax avoidance.