EI v SB & HS [2015] NZDT 1437 (28 October 2015) [pdf, 300 KB]
...from the commencement of the liquidation of a company,— (a) The liquidator has custody and control of the company's assets: (b) The directors remain in office but cease to have powers, functions, or duties other than those required or permitted to be exercised by this Part of this Act: (c) Unless the liquidator agrees or the Court orders otherwise, a person must not— (i) Commence or continue legal proceedings against the company or in relation to its property; or (ii) Ex...