2 Aug 2018
DAI v SETO & LI [2018] NZHC 1962
- Citation
- [2018] NZHC 1962
- Court
- High Court
Court found defendants' evidence of additional cash payments implausible and rejected it; bank records and pattern of regular New Zealand dollar payments versus irregular yuan-equivalent amounts established allocation: regular round NZ$ deposits credited to the NZ loan and irregular deposits converted to round yuan amounts credited to the Chinese loans; the principal of the first Chinese loan (100,000 yuan) was due 1 February 2010 and is statute-barred, but interest accruing after 30 September 2010 remains claimable; expert accountant's calculations were accepted subject to deduction of statu…