Voidable defence is further limited *

New Zealand - April 11 2013
Section 296(3) of the Companies Act 1993 (the Act) provides a defence to creditors who have received a payment found to be a voidable transaction…

Co-authors: Nick Moffatt.

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Court of Appeal overturns Steigrad decision on directors' defence costs *

United Kingdom - December 20 2012
The Court of Appeal released its decision today in the Steigrad litigation, ruling that third party claimants do not have a charge under the Law Reform Act 1936 that gives them priority over insurance money ahead of a director's claim to defence costs under a D&O policy with a single indemnity.

Co-authors: David Friar.

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Landmark decision on liquidators' powers to examine witnesses and obtain documents *

New Zealand - December 5 2012
Justice Heath issued a sweeping judgment last month limiting the ability of liquidators to examine witnesses and seek documents.

Co-authors: David Friar.

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Liquidator's conviction of theft shows need for urgent reform *

New Zealand - November 6 2012
If a liquidator is found guilty of stealing money from a company in liquidation, most creditors would assume that he or she could never be a liquidator again.

Co-authors: Anita Smith, David Friar.

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What is a security and when does a sale of land require a prospectus? The Supreme Court reverses previous thinking *

New Zealand - August 21 2012
Recently the Supreme Court issued a significant decision on the scope of investment products which fall within the Securities Act 1978 (reversing the findings of the High Court and Court of Appeal).

Co-authors: Sophie East.

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