New Zealand Case Law: Decisions & Judgments | LexChat

New Zealand Case Law

Deemed/director de facto (s126)
  • 13 Nov 2012

    JF MANAGH V AE BRITTON AND WC GREVILLE HC NAP CIV-2011-441-678

    Citation
    openlaw-79429a59_c8b1_4848_ae3a_661c2d27c093.pdf
    Court
    High Court

    The strike‑out application was dismissed because the settlement between the liquidator and the third party only barred claims by the liquidator and did not preclude distinct shareholder claims under s301; the defendants had an arguable case that the third party could be a de facto director. The defendants' application for further discovery was refused because the requested documents were not shown to be directly relevant under the applicable discovery standard, some had already been inspected and administrative relisting would be disproportionate; requests to inspect liquidator time records a…

    • Directors' duties
    • Reckless trading
    • Deemed/director de facto (s126)
    • Restitution (s301)
    • Discovery
    • Strike out (r15.1)