Bankrupt property developer Dave Henderson is putting a
positive spin on a High Court judgement regarding a Gibbston
Justice Cameron Mander has backed Gibbston Water Holdings
(GWH) liquidator Robert Walker's moves to get control of
Gibbston Water Services' shares, by reversing an August 2011
transaction which, for $1, transferred the shares from GWH to
The company's water supply issues burst into the public
domain in 2009, as one resident claimed he was charged $1000
a week, and in 2011 public health officials sent a terse
letter after reports of people being cut off.
Mr Henderson - whose wife, Kristina Buxton, has been
dismissed as a director of Gibbston Water Services by Mr
Walker, and replaced by former cabinet minister Denis
Marshall - told the Otago Daily Times the judgement
was an irrelevancy.
''This is fundamentally good news. My wife has been
supporting this company for some time, pumping money into
Now his wife could ''get her money back'', he said.
The company was a break-even scheme providing water to deed
holders with about 30 water connections, Mr Henderson said -
including six connections through a property he was
Mr Walker said there were discussions between his staff, Mr
Marshall and various Gibbston residents about what would
happen with the scheme, adding: ''Almost certainly I will be
returning to the people their water scheme.''
As to any claims by Mrs Buxton to recoup money, Mr Walker
said, ''In the fullness of time, Ms Buxton's affairs at
Gibbston Water Services will be closely examined.''
Gibbston Water Services had a water supply permit expiring in
2043 and, at the time Holdings bought its shares, Justice
Mander's judgement notes Mr Henderson was promoting a hotel
and spa development in the area.
Under a new deed of supply, water users were required to
agree they would not do anything that would ''impact
negatively'' on Mr Henderson's Anthem Group and its