19 Aug 2020
BODY CORPORATE 85978 v SAINT PAULS ASSET MANAGEMENT LIMITED [2020] NZHC 2097 [19 August 2020]
- Citation
- [2020] NZHC 2097
- Court
- High Court
Body Corporate is entitled to reasonable indemnity costs under clause 8.5 only for costs incurred up to the payment of arrears on 9 April 2020 and for reasonable costs thereafter solely to quantify and recover those indemnity costs; costs incurred after 9 April 2020 aimed at achieving liquidation are not recoverable under clause 8.5 because Body Corporate lacked creditor standing once levies were paid and those liquidation‑focused costs fall outside the clause.