New Zealand Case Law: Decisions & Judgments | LexChat

Topic

Takeovers code

Legal area

Court

22 Jul 2016

NUPLEX INDUSTRIES LIMITED [2016] NZHC 1677

Citation

[2016] NZHC 1677
Court

High Court

The Court exercised its discretion to approve the scheme because statutory requirements including s236A were satisfied, the requisite shareholder majorities voted in favour, the Takeovers Panel did not object, the Independent Adviser supported the consideration as within a fair range and representing a material premium, shareholders were adequately informed and fairly represented, and the scheme was fair and equitable and did not prejudice creditors.
18 Jun 2003

DENT And Ors V HERBERT CA CA 243/O2

Citation

openlaw-92f12dc0_786b_47f3_8aef_bcba779620bd.pdf
Court

Court of Appeal

The respondent failed to establish any evidential foundation for the alleged agency, oral condition or indemnity and provided no factual basis for the Takeovers Code defence; therefore no genuine triable issue existed and summary judgment for the appellant for the sum due under the put option was appropriate.