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Kinsela v Russell Kinsela Pty Ltd (in liq)
(1986) 4 NSWLR 722; (1986) 10 ACLR 395
Key Principle
Where a company is insolvent or of doubtful solvency, the interests of creditors intrude and directors owe a duty to consider creditors' interests; shareholders cannot ratify a disposition that prejudices creditors so as to bar the liquidator's claim.
Area of Law
c
Related Cases
Miller v The Queen [2016] HCA 30; (2016) 259 CLR 380 (Miller v The Queen; Smith v The Queen; Presley v DPP (SA))