1 Aug 2016
STEEL & TUBE HOLDINGS LIMITED v LEWIS HOLDINGS LIMITED [2016] NZCA 366
- Citation
- [2016] NZCA 366
- Court
- Court of Appeal
Because STH treated Stube as a de facto part of the group and conducted its affairs in a way that made Stube a puppet (total management involvement, financial intermingling, STH's representations to the lessor and withdrawal of support causing liquidation), it was just and equitable under s271(1)(a) to order STH to pay the full amount of Lewis's claim; absence of formal causation or detrimental reliance did not preclude relief under s271/272.