21 Oct 2013
BURGESS and YOUNG v THE RAINDANCE COMPANY NEW ZEALAND LIMITED [2013] NZHC 2738
- Citation
- [2013] NZHC 2738
- Court
- High Court
Payments were not voidable under s292 because they were contemporaneous payments for services (cash‑on‑delivery style): Raindance provided value at the time of each payment and therefore was not a creditor who received more than it would in liquidation; accordingly the liquidators' ss294/295 application is dismissed.