20 Apr 2021
HENG YANG INVESTMENT LIMITED v WAVE INVESTMENTS LIMITED [2021] NZHC 853
- Citation
- [2021] NZHC 853
- Court
- High Court
The caveat was upheld because the purchaser had an arguable case that the deposit obligation was met by close of business on 18 February 2021 after receipt of trust account details on 17 February; the vendor's notice of cancellation on 17 February was therefore arguably premature and ineffective, giving the purchaser an arguable entitlement to insist on performance and to a caveatable interest.