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Receivers' duties to sureties

New Zealand - December 8 2015 In King v PFL Finance Limited & Anor [2015] NZCA 517, the Kings, a husband and wife team of farmers, arranged finance from PFL Finance Limited but…

David Perry, Jan Etwell, Laura O'Gorman, Scott Barker, Willie Palmer.

Limiting voting power of shares in order to prevent a takeover is not a proper purpose

New Zealand, United Kingdom - December 8 2015 Eclairs Group Ltd v JFX Oil & Gas Plc [2015] UKSC 71 concerned a company with a constitution that allowed the directors to restrict the voting rights…

David Perry, Jan Etwell, Laura O'Gorman, Scott Barker, Willie Palmer.

A brave new world for financial disputes

United Kingdom, USA - December 8 2015 The United Kingdom recently established a new, specialist, financial disputes list under Part 63A of its Civil Procedure Rules. The financial list is…

David Perry, Jan Etwell, Laura O'Gorman, Scott Barker, Willie Palmer.

English Court grants relief to Argentina bondholders

United Kingdom - December 8 2015 The recent case of Knighthead Master Fund is another that arises out of payment defaults by the Republic of Argentina (see our June 2014 update for…

David Perry, Jan Etwell, Laura O'Gorman, Scott Barker, Willie Palmer.

Payments made pursuant to a direct deed voidable

New Zealand - December 8 2015 Sanson v Ebert Construction Limited [2015] NZHC 2402 concerned the successful application by liquidators to set aside payments made pursuant to a…

David Perry, Jan Etwell, Laura O'Gorman, Scott Barker, Willie Palmer.