15 Dec 2014
WEST CITY CONSTRUCTION LIMITED v HENRY DAVID LEVIN AND DAVID STUART VANCE AS LIQUIDATORS OF ST GEORGE DEVELOPMENTS LIMITED (IN LIQUIDATION) [2014] NZSC 183
- Citation
- [2014] NZSC 183
- Court
- Supreme Court
On the facts the Court accepted the High Court finding that the parties agreed in or about November 2005 that the bond would be assigned to West City and that West City completed the contracted work on that basis; that agreement gave rise to an equitable assignment vested prior to 22 January 2006 and therefore the later formal deed of 3 October 2006 did not create a voidable preference under s 292, so the Court restored the High Court judgment.