11 Nov 2013
ARCADIA HOMES LIMITED (IN LIQUIDATION) v MORE TO THIS LIFE LIMITED AND ANDREW GEORGE CLARK AS TRUSTEES OF THE ULTIMATE LIFESTYLE TRUST [2013] NZSC 117
- Citation
- [2013] NZSC 117
- Court
- Supreme Court
Leave to appeal was refused because the outcome did not turn on a novel legal question suitable for this Court: both lower courts made concurrent factual findings that the sole director failed to take the reasonable steps required by cl 8.7, so Arcadia could not rely on the directors' approval clause and there was no compelling reason in the interests of justice to grant leave.