25 Jan 2012
PARNELL PROPERTY INVESTMENTS LIMITED V BANK OF NEW ZEALAND HC AK CIV-2010-404-7186
- Citation
- openlaw-16ab1b29_8821_435f_b2e1_e10a7daa6dfa.pdf
- Court
- High Court
The court granted summary judgment to BNZ: (a) judgment against Julie Alexander and Stephen Osborn (as trustees and Julie personally) under the 7 December 2007 guarantee for a minimum sum of $5,460,158.99 (with BNZ able to prove a higher sum up to the guarantee limit), with interest on the $450,000 deposit from 27 May 2007 at statutory rates and solicitor-client costs under the guarantee; (b) summary judgment against Stephen Osborn dismissing his tort claims as having no reasonable cause; (c) the possession application was adjourned pending production of the original December 2007 consent let…