Du Val founders Charlotte and Kenyon Clarke ordered to pay $46,000 Financial Markets Authority costs

NZ Herald

13 Oct, 2025 03:25 AM2 mins to read

Subscribe to listenAccess to Herald Premium articles require a Premium subscription. Subscribe now to listen.Subscribe now

‌

SaveShare this articleCopy LinkEmailFacebookTwitter/XLinkedInReddit

Du Val founders Charlotte and Kenyon Clarke.

The High Court has ordered Du Val founders Charlotte and Kenyon Clarke to pay the Financial Markets Authority $46,000 in expenses after the regulator succeeded in freezing the couple’s assets, BusinessDesk reports.

In July, Justice Jane Anderson upheld asset preservation orders seizing the assets of the
Clarkes and their failed property business.

The Financial Markets Authority (FMA) gained the original orders in August 2024 as part of its ongoing investigation into Du Val, a property development and investment group controlled by the Clarkes.

Three weeks later, 70 Du Val entities were put into statutory management.

The Clarkes, their family trust and five associated entities remain in receivership.