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Court of Appeal Wellington
CA 70/00
5 April; 18 June 2001
Thomas, Keith, Blanchard, Tipping and McGrath JJ
CA 70/00
5 April; 18 June 2001
Thomas, Keith, Blanchard, Tipping and McGrath JJ
Commercial law — Securities Act 1978 — Directors and issuer jointly and severally liable to repay subscriptions — Whether liability of directors released by settlement between plaintiff and issuer — Securities Act 1978, s 37(6).
Tort — Joint tortfeasors — Directors and issuer jointly and severally liable to repay subscriptions — Whether liability of directors released by settlement between plaintiff and issuer — Law Reform Act 1936, s 17.