9 May 2016
Re: Application by Bridgman & Bennett [2016] NZHC 933
- Citation
- [2016] NZHC 933
- Court
- High Court
Leave was granted because the applicants' recent involvement was limited to a high‑level review, they are experienced insolvency practitioners subject to professional conduct obligations, the company and a major secured creditor (the Bank) supported the appointment, the applicants' firm relationships did not create a real risk to independence or prejudice creditors on the evidence, and creditors retain the ability to revisit and remove the appointees, thus ss280/239F/239ACD did not bar appointment in the circumstances.