17 Nov 2020
WATTS & HUGHES CONSTRUCTION LIMITED v BIALA [2020] NZHC 3041
- Citation
- [2020] NZHC 3041
- Court
- High Court
The director did not breach s135. The decisions to commence the start-up and to continue trading were reasonable given available financing, shareholder support and ordinary start-up risks; the plaintiff's claimed loss was uncertain and, in any event, not 'serious' as required by s135, so no compensation under s301 was ordered.