Companies Act ‘long overdue a rethink’: lawyers react to Mainzeal
Supreme Court reiterated Court of Appeal’s view there was ‘incoherence’ in the legislation.
The ruling brought to an end more than eight years of litigation after Mainzeal’s high-profile collapse in 2013.
New Zealand’s legal and business community is frantically digesting the long-awaited, 142-page Supreme Court Mainzeal judgment and its implications for the hundreds of thousands of company directors in the country.
This morning , the Supreme Court dismissed appeals from the four directors of failed
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