Commercial Factors Ltd v Meltzer - [2019] 2 NZLR 484

Company law — Liquidation — Third party funding in liquidation — Funder of legal opinion, company in liquidation and liquidators entered into agreement — Principles of liability of liquidators to creditors — Whether liquidators liable for expenses — Whether liquidators acted in good faith — Companies Act 1993, schs 6 and 7.

Contract — Interpretation — Whether liquidators breached agreement — Whether proceedings had “commenced” — Whether liquidators satisfied meaning of “other company” — Whether liquidators liable for expenses — Whether liquidators acted in bad faith.