West City Construction Ltd v Levin - [2015] 1 NZLR 362

Bankruptcy and insolvency — Voidable preferences — Agreement reached for bond to be assigned in consideration for work done — Assigning company placed in liquidation – Formal assignment executed within statutory period under preferential payments provisions — Agreement to assign and completion of work prior to commencement of statutory period — Whether assignment voidable preference — Whether and when bond assigned in equity — Companies Act 1993, s 292.

Equity — Assignment — Agreement reached for bond to be assigned in consideration for work done — Assigning company placed in liquidation — Formal assignment executed within statutory period under preferential payments provisions — Agreement to assign and completion of work prior to commencement of statutory period — Whether and when bond assigned in equity — Companies Act 1993, s 292.