12 Jul 2013
LV TRUST HOLDINGS LTD AND KP TRUST HOLDINGS LIMITED v BODY CORPORATE 114424 & OTHERS [2013] NZHC 1764
- Citation
- [2013] NZHC 1764
- Court
- High Court
The Court approved the s 74 scheme and, exercising its broad discretion under s 74(9) read with r 14 of the High Court Rules, awarded the applicants scale costs on a 2B basis (with 2C for preparation of submissions and the bundle), declined costs predating proceedings, and granted an additional lump sum of NZD 45,000 to reimburse extra costs incurred initiating and serving the scheme application because the Body Corporate should have initiated the proceeding.