23 Nov 2015
NOYCE v PARNELL PROPERTY INVESTMENTS LIMITED [2015] NZHC 2926
- Citation
- [2015] NZHC 2926
- Court
- High Court
The Court awarded indemnity costs to BNZ against Fifer, Compark and Mr Alexander because their conduct was 'flagrantly bad'—including knowingly presenting a forged document, pursuing hopeless and groundless contentions, and engaging in frivolous and vexatious conduct—and because rejection of Calderbank offers further justified indemnity under r 14.6(4)(f); BNZ's claimed costs of $265,874.23 (ex GST) were reasonable and the liquidator was directed to pay funds held on behalf of the three defendants to BNZ in reduction of the costs judgment subject to the liquidator's ability to hold funds pend…