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Copyright (c) 2000 Legal Research Foundation Inc. 
New Zealand Law Review

REVIEW: Company Law


2000 NZ Law Review 287


Peter Watts*


This review is devoted to recent case law on aspects of shareholder rights. It does not, however, contain a discussion of the cases under the prejudiced shareholder provision, s 174 of the Companies Act 1993. I have discussed most of the recent cases on that topic, including a consideration of the likely effect in New Zealand of the important decision of the House of Lords in Re a Company (No 00709 of 1992), O'Neill v Phillips [1999] 1 WLR 1092, in a review at [1999] CSLB 94. The more recent decision of the Court of Appeal in Norager v Charles Norager & Son Ltd (2000) 8 NZCLC 262, 122 affirms that that court will not readily reverse a first instance decision that settles the basis for a buy-out following a successful plea of prejudiced conduct under s 174.

Recent New Zealand cases bearing on the so-called alter ego concept in company law, particularly Americano's Ltd v State Insurance Ltd (1999) 6 NZBLC 102,892 and Mahon v Crockett (1999) 8 NZCLC 262,043 (CA), were fully considered in my article "The Company's Alter Ego--a Parvenu and Impostor in Private Law" [2000] NZ Law Review 137.

It may also be useful to alert readers to the recent decision of the House of Lords in Lubbe v Cape Plc [2000] 1 WLR 1545. This is the latest instalment in long-running litigation concerned ultimately with the liability of a parent company for the deaths and injuries to health arising out of the business operations of ...
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