27 Mar 2015
MCARTHUR RIDGE INVESTMENTS LIMITED v SCHULZ [2015] NZHC 600
- Citation
- [2015] NZHC 600
- Court
- High Court
The contractual provisions in the assigned loan agreements entitled the plaintiff to recover solicitor-client (indemnity) costs; the Court awarded indemnity costs but reduced solicitor fees to two-thirds due to lack of adequate billing detail, and allowed counsel's fees such that the total indemnity award was $30,223.58; defendant's conduct was not found vexatious or frivolous and the defendant may seek a stay of enforcement pending appeal.