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NZI Bank Ltd v Euro-National Corp Ltd () 3 NZLR 528 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== The employees of Euro-National devised a complicated scheme to purchase Euro-National shares that were financed by Euro-National. But the time under section 62(1) of the Companies Act () made it illegal for a company to financially assist in the purchase of it own shares (since repealed), although there were numerous exceptions, such as financing share purchases of employees. Whilst the Act deemed such a transaction "illegal" under the law, the Act did not expressly exclude validation as relief. As a result, NZI sought validation of the transaction in question. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「NZI Bank Ltd v Euro-National Corp Ltd」の詳細全文を読む スポンサード リンク
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