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High Court Wellington
CIV 2001-404-2403, CP 665-SD01 & 166-SD01
3 July; 29 August; 18 September 2003
Heath J
CIV 2001-404-2403, CP 665-SD01 & 166-SD01
3 July; 29 August; 18 September 2003
Heath J
Company law — Shareholders — Restructuring arrangements entered into by company — Consequences of failure to meet solvency test — Companies Act 1993, ss 2, 52 and 56.
Company law — Directors — Liability for failure to comply with solvency test in relation to distribution — Companies Act 1993, s 56.