timber framing on house

Court of Appeal decision: what happens when builders go bankrupt and leave homes unfinished?

Building and Construction, Corporate / Commercial

In a recent case, the New Zealand Court of Appeal in Francis v Gross made an important decision about what happens when buyers of unfinished homes – called “pods” or “tiny homes” – are left out of pocket after the company building them goes bankrupt. The case involved a company called Podular Housing Systems Limited,…

man running down hill

Key takeaways from recent ‘reckless trading’ judgement

Building and Construction, Corporate / Commercial, SMEs (Small to Medium Businesses)

Insights on reckless trading and director liability: a recent High Court case A recent High Court judgment has shone the light on the ability of creditors to claim against company directors accused of “reckless trading”. This ruling has considerable implications for directors, showing that creditors can make successful applications to the courts independently and directly,…