Timberworld Ltd v Levin
id:
timberworld-ltd-v-levin-282-3306233
title:
Timberworld Ltd v Levin
text:
Timberworld Ltd v Levin was a landmark legal decision concerning whether the peak indebtedness rule operated in New Zealand. The peak indebtedness rule concerns how much a liquidator can claw back of the value paid to a creditor of a company, as part continuing business relationship, prior to the debtor companies liquidation. The Court of Appeal judgment rejected the liquidators contention that the rule should be adopted in New Zealand law.
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Timberworld_Ltd_v_Levin
date created:
date modified:
2017-10-27T04:33:09Z
main entity:
{"identifier":"Q24891091","url":"https://www.wikidata.org/entity/Q24891091"}
image:
{"content_url":"https://upload.wikimedia.org/wikipedia/commons/d/d3/Coat_of_arms_of_New_Zealand.svg","width":725,"height":699}
fields total:
13
integrity:
14