Latest leaky building decision: wake-up call for directors and officers
Christine Meechan, a partner in Bell Gully's Litigation department, discusses the recent leaky building case and the controversial finding of personal liability on the part of the director of the insolvent construction company.
Amalgamations and the effect on contracts with third parties
Companies wishing to amalgamate have a choice of two routes under the Companies Act. A recent decision confirms that whether an amalgamation is approved by the court under Part 15 or an amalgamation is effected under Part 13 of the Act, the legal consequences are the same.
"Major Transactions": a fettered fetter?
In this article the author sets out to demonstrate how recent judicial interpretation of the scope of the major transaction provision in section 129 of the Companies Act may substantially reduce the provision's effectiveness as a check on a board's management power.
For more information on any of the cases, articles and features in Commercial Quarterly, please email Diane Graham or call her on 64 9 916 8849.
This publication is necessarily brief and general in nature. You should seek professional advice before taking any action in relation to the matters dealt with in this publication.