Haylock v Southern Petroleum NL - [2003] 2 NZLR 175

Company law — Insider trading — Application by shareholders for order granting leave to company to bring proceedings against insider — Approach to applications for leave — Whether arguable case made out — Whether link necessary between inside information and dealing in shares — Whether company required to bear costs of leave application — Information available to person providing opinion as to cause of action against insider — Securities Markets Act 1988, ss 3, 9, 17, 18 and 19.