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Catley v Herbert
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Catley v Herbert : ウィキペディア英語版
Catley v Herbert

Catley v Herbert () 1 NZLR 606 is a cited case in New Zealand regarding whether a contract illegal under law, can be subsequently validated under the Illegal Contracts Act 1970.
==Background==
Catley and Herbert were joint shareholders in a company, and had agreed that Herbert would buyout Catley's shares. This sale entailed the selling of some of the company property in order to purchase his shares. Unfortunately, the law saw this as financing the purchase of a company's own shares, which was illegal under section 62 of the Companies Act 1950.
As a result, Herbert refused to pay Catley, on the basis that to do so would be illegal. Catley sought validation of the contract in the court.

抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)
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