21 Dec 2020
PVG SECURITIES TRUSTEE LTD v 100 INVESTMENTS LTD [2020] NZHC 3489
- Citation
- [2020] NZHC 3489
- Court
- High Court
Leave to appeal was refused because the defendant failed to prove the factual causation or quantum of the claimed losses, the High Court correctly required evidence of how the restrained funds would have been invested rather than applying the Interest Act formula as proof, and the proposed grounds were neither arguable of sufficient public importance nor proportionate given the sums at stake.