Thexton v Thexton - [2002] 1 NZLR 780

Company law — Insider trading — Purchase of shares by director — Whether fair value provided — Whether transaction impeachable if less than fair value provided — Companies Act 1993, s 149.

Company law — Directors — Purchase of shares by director of family company from family member — Material information known by director — Obligation to pay fair value for shares — Whether obligation ceases on disclosure of information — Companies Act 1993, s 149.