31 Oct 2014
STEFFENSEN v BGW INVESTMENTS LIMITED (formerly Broadbase Otago Limited) [2014] NZHC 2659
- Citation
- [2014] NZHC 2659
- Court
- High Court
Damages were to be converted using the 1 January 2008 exchange rate; interest awarded at the Judicature Act prescribed simple rates from 1 January 2008 to judgment; compound interest was denied because it was not pleaded and would produce a windfall; plaintiffs were not entitled to reimbursement of BGW fees and the judgment was not reduced by the $5,000 excess because QBE had not pleaded the policy terms and the late reliance on them prejudiced the plaintiffs; indemnity/solicitor-client costs were denied because the contractual wording was not sufficiently clear; costs awarded on a 2B basis w…