H Timber Protection Ltd (In Receivership) v Hickson International plc - [1995] 2 NZLR 8

Company law — Receivership — Company asset sold while company solvent on the basis that certain payments to be made to a parent holding company — Claim by receivers after receivership for payments from parent holding company — Whether parent holding company obliged to make payments.

Agency — Parent company — Company asset sold while company solvent on the basis that certain payments to be made to a parent holding company — Claim by receivers after receivership for payments from parent holding company — Whether parent company agent for subsidiary in receipt of payments made.

Equity — Unjust enrichment — Company asset sold while company solvent on the basis that certain payments to be made to a parent holding company — Claim by receivers after receivership for payments from parent holding company — Whether parent company unjustly enriched in circumstances entitling subsidiary to claim payment.

Company law — Directors — Company asset sold while company solvent on the basis that certain payments to be made to a parent holding company — Claim by receivers after receivership for payments from parent holding company — Whether directors had exercised their powers for an improper purpose in directing the payments to the parent holding company.