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Voidable ruling welcomed by industry

The ruling gives clarity to the contentious issue of insolvent transactions.

Chris Hutching for NBR NZ Property Investor
Fri, 27 Feb 2015
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.

The Supreme Court ruling on voidable transactions has been welcomed by industry players.

The ruling gives clarity to the contentious issue of insolvent transactions, or clawback payments by a liquidator. However, the decision leaves it open for company directors to choose which creditors get paid

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Chris Hutching for NBR NZ Property Investor
Fri, 27 Feb 2015
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.

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Voidable ruling welcomed by industry
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