New Zealand Case Law: Decisions & Judgments | LexChat

Topic

Company accounts

Legal area

Court

21 Nov 2016

HARRISON v KEOGH [2016] NZCA 545

Citation

[2016] NZCA 545
Court

Court of Appeal

Leave to appeal was declined because Nation J properly identified acts of reliance amounting to detriment (signing resolutions, refraining from protective steps) and law on estoppel had been correctly applied; the question of personal liability under Trevor Ivory was fact-specific and not a novel legal issue warranting a second appeal, and the matter lacked sufficient public importance given the modest sums at stake.
19 May 2011

CHESTERTON HOLDINGS LIMITED (IN LIQUIDATION) V JC DURNEY (NOW KNOWN AS SOPHIA CROSBY) HC NAP CIV-2011-441-007

Citation

openlaw-da87e627_8322_470c_8528_cd7ea9db2c37.pdf
Court

High Court

Defendant received the monies as shareholder drawings recorded in the company's accounts, provided no credible evidence to rebut that characterisation, and as a director she bore responsibility for the accuracy of the accounts; therefore she had no tenable defence and summary judgment was properly entered for the plaintiff for $244,934.00 plus interest and costs.