Sojourner v Robb - [2006] 3 NZLR 808

Company law — Directors — Whether duties of directors extended to contingent creditors — Directors restructured company suffering liquidity problems — Whether directors had breached duties to company or to creditors — Breach of duty to company — Loss to creditors — Company now in liquidation — Appropriate remedy — Companies Act 1993, ss 131 and 301.

Company law — Insolvency — Nature of assets to be taken into account — Companies Act 1993, s 4.