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Supreme Court of New Zealand Wellington
SC 48/2021; SC 52/2021
7, 8, 9, 10, 11 March 2022; 22 November 2022, 2 March 2023 (further submissions); 25 August 2023
Winkelmann CJ, Glazebrook , O’Regan , Ellen France and William Young JJ
SC 48/2021; SC 52/2021
7, 8, 9, 10, 11 March 2022; 22 November 2022, 2 March 2023 (further submissions); 25 August 2023
Winkelmann CJ, Glazebrook , O’Regan , Ellen France and William Young JJ
Bankruptcy and insolvency — Trading while insolvent — Incurring new obligations while insolvent — Whether and when permissible — Measures of loss — Directors’ duties to consider interests of creditors — Calculation of damages — Whether business judgement rule applies — Companies Act 1993 ss 135, 136 and 301.
Company law — Insolvency — Trading while insolvent — Incurring new obligations while insolvent — Whether and when permissible — Measures of loss — Directors’ duties to consider interests of creditors — Calculation of damages — Whether business judgement rule applies — Companies Act 1993 ss 135, 136 and 301.