22 Aug 2023
UNITED CIVIL CONSTRUCTION LTD v HAYFIELD SHA LTD (IN LIQ) [2023] NZCA 377
- Citation
- [2023] NZCA 377
- Court
- Court of Appeal
The Court held continuation of the liquidators' negotiation strategy was not wrong or unreasonable given the complicated staged works, interdependencies between landowners, disputes over workmanship, incentives for landowners to cooperate to obtain titles, and the significant cost, delay and complexity that multi-party litigation would impose on creditors; leave to pursue adjudication was refused because outstanding claims could be resolved by negotiation or expert referral and were not shown to require adjudication; disclosure of funding agreements was refused because no persuasive, tangible…