The decision is significant for all New Zealand directors and their insurers, as well as for receivers, liquidators and creditors.
We address the key points of the decision in a three-part series.
- In part one, we set out a brief summary of the Supreme Court’s ruling.
Supreme Court releases Mainzeal decision on directors’ duties - 25 August 2023 - In part two, we look at how the Supreme Court has interpreted the duties owed by directors
Supreme Court’s Mainzeal decision: legislative reform is needed - 30 August 2023 - And in the part three, we set out practical guidance for directors as they look to ahead post-Mainzeal.
Supreme Court’s Mainzeal decision: guidance for directors - 1 September 2023
