Trends Publishing International Ltd v Advicewise People Ltd - [2018] 1 NZLR 903

Bankruptcy and insolvency — Company law — Compromise proposed by company — Insider creditors, arm’s-length creditors and small creditors treated as single class — Whether classes determined by legal rights — Whether compromise structured to obtain majority at creditors’ meeting — Inadequate provision of information — Whether unfair prejudice and material irregularity — Companies Act 1993, s 232.

Company law — Insolvency — Compromise proposed by company — Insider creditors, arm’s-length creditors and small creditors treated as single class — Whether classes determined by legal rights — Whether compromise structured to obtain majority at creditors’ meeting — Inadequate provision of information — Whether unfair prejudice and material irregularity — Companies Act 1993, s 232.