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Trends Publishing International Limited v Advicewise People Limited, Callaghan Innovation, Mediaworks Radio Limited, and Webstar a division of Blue Star Group (New Zealand) Limited - SC 103/2017

Media releases

Summary

Civil Appeal – Companies Act 1993, pt 14 – Whether the Court of Appeal erred in its approach to determining “classes of creditors” – Whether the Court of Appeal erred in its approach to the evidence – Whether the Court of Appeal erred in finding that the applicants had not disclosed adequate information to the creditors.

Result

A Leave to appeal is granted (Trends Publishing International Ltd v Advicewise People Ltd [2017] NZCA 365).
B The approved question is whether the order setting aside the proposal to creditors put forward by the directors of the applicant under pt 14 of the Companies Act 1993 should have been set aside.                                               
7 November 2017
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A The appeal is dismissed.
B The appellant is to pay the respondents costs of $25,000 and usual disbursements.
16 July 2018

Hearing Transcripts

Related Documents

High Court decision — ADVICEWISE PEOPLE LTD AND ORS v TRENDS PUBLISHING INTERNATIONAL LTD [2016] NZHC 2119 [7 September 2016]

Court of Appeal decision — TRENDS PUBLISHING INTERNATIONAL LIMITED v ADVICEWISE PEOPLE LIMITED [2017] NZCA 365 [24 August 2017]

Leave judgment - leave granted — TRENDS PUBLISHING INTERNATIONAL LIMITED v ADVICEWISE PEOPLE LIMITED [2017] NZSC 167 [7 November 2017] (PDF 53 KB)

Substantive judgment — TRENDS PUBLISHING INTERNATIONAL LIMITED v ADVICEWISE PEOPLE LIMITED [2018] NZSC 62 [16 July 2018] (PDF 511 KB)