In Day v The Official Assignee as Liquidator of GN Networks Ltd (in Liq) [2016] NZHC 2400, the High Court rejected a claim that the funding arrangement at issue constituted maintenance or champerty.
Decision establishes framework for future rulings that covenants in midstream agreements do not run with the land.
USA, New York, Insolvency & Restructuring, Litigation, Morgan, Lewis & Bockius LLP, Natural gas, Covenant (law)