9 Dec 2009
HICKMAN AND ORS V TURN & WAVE LIMITED & ORS HC AK CIV-2008-404-005871
- Citation
- openlaw-4f654616_5db8_49a4_b247_88870cc3daf0.pdf
- Court
- High Court
The Court recalled and reissued the judgment to include an analysis of insolvency because consistency between related judgments and the possibility of appeal required it; after evaluating competing expert evidence and the limited financial information (including unidentified placement of Ingot receivables and lack of subsidiary accounts), the Court found there was insufficient evidence to conclude, on the balance of probabilities, that the relevant Blue Chip companies were insolvent at the material times.