1 May 2023
ISLAND GRACE (FIJI) LTD (IN REC AND IN LIQ) v SATORI HOLDINGS LTD (IN INTERIM LIQ) [2023] NZHC 997
- Citation
- [2023] NZHC 997
- Court
- High Court
Where a contributory has actively opposed substantive liquidation proceedings and thus has effectively acted as a party, the Court will order that contributory to pay costs on a 2B basis; costs and disbursements that relate specifically to the appointment of interim liquidators or were incurred by reason of service on the company are to be borne by the company rather than the contributory; case management and second counsel costs incurred because of the contributory's opposition are recoverable against the contributory.