20 May 2009
GOODSON AND ORS V WINGATE TWO LIMITED AND ORS HC WN CIV-2008-485-1942
- Citation
- openlaw-769fc356_f181_4089_b976_0904c4d42f03.pdf
- Court
- High Court
The Court approved the transfer because the liquidator demonstrated the transfer would not prejudice Lago's creditors, would facilitate a tax‑efficient sale likely to increase returns to creditors, preserve vendor finance arrangements, would not extinguish inter se claims between shareholders, and the application proceeded uncontested.
- Liquidation
- Share transfer during liquidation
- Court consent under s 248(1)(d)
- Vendor finance
- Creditor protection
- Tax deferral