2 Oct 2014
FAI GENERAL INSURANCE COMPANY LIMITED (IN LIQUIDATION) [2014] NZHC 2405
- Citation
- [2014] NZHC 2405
- Court
- High Court
The Court approved the proposed transfer because it was initiated by the liquidators, would not alter shareholders' rights or obligations, benefited FAI (NZ) and those interested in its assets by simplifying and making the group wind ups more efficient, and was supported by the Australian court's approval; courts should not unduly second-guess liquidators in such circumstances.