Henry David Levin and Barry Philip Jordan v Patrick Ikiua, Kenti Apa, Tess Apa, Mark Crosbie, Andrew David Smith. - SC 123/2010

Civil – Liquidators’ right under s 298 of the Companies Act 1993 to recover property which a liquidated company has disposed of to certain entities – Whether the company must have had a proprietary interest in the property – Whether s 298 applies only to transactions where the directors are duty bound to obtain fair value in return for the disposition of property – Whether the company had legitimately transferred its assets – Whether the directors of the company had breached their duties by disposing of all profits.[2010] NZCA 509 CA 508/2009  12 November 2010