30 Jun 2023
STREET AND COOK CONSTRUCTION COMPANY LTD v CAMBRIDGE TERRACES LTD [2023] NZHC 1673
- Citation
- [2023] NZHC 1673
- Court
- High Court
The Kearneys fund was held in CTL's name under an undertaking that expressly referenced payment pursuant to a court order; s 79 of the Construction Contracts Act 2002 prevents CTL asserting a set-off against SCC's adjudication judgment in these recovery proceedings; SCC had given valid notice of arbitration so the engineer's formal decisions were not final and binding; the High Court may use its inherent jurisdiction to direct payment from the trust fund. Accordingly the interim charging order was made final and payment from the Kearneys fund to SCC was ordered; CTL's application for summary…