25 Mar 2015
GILLES BAKERY LTD v GILLESPIE CA506/2013 [2015] NZCA 93
- Citation
- [2015] NZCA 93
- Court
- Court of Appeal
Appeal dismissed because the documentary and evidential record (directors' resolutions, directors' certificates and solicitors' certification and consents) established Gilles' directors made an informed independent decision and certified it, there was no tenable case Yarrows was a de facto director or owed fiduciary duties to preference shareholders, and there was no evidence of dishonest assistance by Messrs Finnigan or Pettigrew or of Westpac such as would render them accessories; Westpac was entitled to rely on the certificates and owed no duty to ensure independent advice to a commercial…